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Economy / Taxes #67163

ABC Evening News for Friday, Aug 22, 1980
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(Studio) Cost of Living Index said not up last month; unusual nature of this circumstance considered.
REPORTER: Frank Reynolds

(NYC) [MAN and WOMAN - talk of mortgage papers.] Cost of living said actually to have incrd. for most United States families. Mortgage interest downturn said big factor in figuring that cost of living did not rise. [Senator Lloyd BENTSEN - says mortgage factor shows cost of living figures.) [Central Federal Savings and Loan Henry SCHREIBER - comments with regard to mortgage factor.] All but mortgage interests said on rise. Exs. given. Food, transportation cited. More bad economy news said en route.
REPORTER: Dan Cordtz

(DC) [Senator Howard BAKER - calls recent tax cut voted by Senator Fin. Committee victory for American people.] Details of cut given. [Representative James WRIGHT - criticizes proposed bill.] [Senator Robert PACKWOOD - calls tax cut Russian roulette.] Carter administration countermeasures to proposed tax cut noted.
REPORTER: Steve Shepard

(Studio) Incr. in prime rate by some banks reported Federal Reserve Bd. reported tightening controls.
REPORTER: Tom Jarriel

Cordtz, Dan;
Jarriel, Tom;
Reynolds, Frank;
Shepard, Steve

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