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Bush / Budget #567260

NBC Evening News for Thursday, Feb 09, 1989
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(Studio: Tom Brokaw) President Bush's budget speech previewed. Report introduced

(DC: John Cochran) Bush's budget compared to that of Ronald Reagan. John Tower, provided that he is confirmed as defense secretary, noted to be responsible for persuading Congress to accept Bush's defense budget proposals; details given. Bush's budget outlined on screen. [BUSH - comments on budget.] Bush reported planning to fund spending increases through capital gains tax cuts; details given.

(Studio: Tom Brokaw) Report introduced.

(DC: Andrea Mitchell) Anticipated Congress reaction to Bush's budget examined; budget director Richard Darman mentioned. [Representative Dan ROSTENKOWSKI - criticizes budget.] Critics quoted with regard to Bush's revenue projections. [Senator Jim SASSER - comments on budget.] Representative Jim Wright and Senator Lloyd Bentsen reported coordinating Democrat response to Bush's speech. [WRIGHT, BENTSEN - comment.] [Representative Leon PANETTA - comments on budget deficit.] Possibility that taxation will be necessary to reduce budget deficit noted.

(Studio: Tom Brokaw, DC: John Cochran, Andrea Mitchell) Rostenkowski quoted re: possible gasoline tax. Bush's capital gains tax cuts discussed.

Reporter(s):
Brokaw, Tom;
Cochran, John;
Mitchell, Andrea
Duration:
00:06:20

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