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Economy: Capital Gains Taxes #566937

NBC Evening News for Saturday, Feb 18, 1989
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(Studio: Connie Chung) Report introduced.

(DC: Irving R. Levine) Theory that by lowering taxes on capital gains, Treasury Department takes in more revenue reviewed; details given of debate generated by proposal. [Feb. 9, 1989, President BUSH - says this will increase revenue and new jobs.] [Representative Dan ROSTENKOWSKI - says stock brokers should not get bigger break.] [Ex-OMB director James MILLER - says it will create economy growth.] Capital gains tax explained; chart shown. Impact of tax reform legislature in 1986 on taxes recalled. [Ex-dir. of Congress Budget Ofc. Rudolph PENNER - says change would unravel tax reform.] Budget negotiations between OMB director Richard Darman and Congress leaders noted; details given of contradictory evidence from Treasury Department and econs. [Econs. Barry BOSWORTH, MILLER - differ on capital gains taxes.]

Chung, Connie;
Levine, Irving R.

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