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Budget and Tax Cuts #68339

ABC Evening News for Thursday, Oct 01, 1981
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(Studio) President Reagan reported claiming that soc. safety nets are still intact despite massive budget cuts.
REPORTER: Frank Reynolds

(DC) OMB director David Stockman's efforts to implement further budget cuts examined. [STOCKMAN - explains.] Admin.'s latest list of proposed budget cuts shown, discussed. [REAGAN - doesn't believe harm will come to those totally dependent on government] His response to inquiry with regard to recent stock market activity noted.
REPORTER: Charles Gibson

(Studio) House speaker Thomas O'Neill's comparison of budget cuts to tax cuts outlined.
REPORTER: Frank Reynolds

(NYC) Tax cut's impact of average paychecks outlined on screen, discussed; specific aspects of tax cut incld. in discussion. Impact of budget cuts described.
REPORTER: Dan Cordtz

(Studio) Immediacy of budget cuts in terms of impact on individual Americans noted.
REPORTER: Max Robinson

(Chicago, Illinois) Termination of CETA (Comprehensive Employment and Training Act) jobs and impact on workers such as Delorise Webb examined. [WEBB - lists her expenses.] [CETA (Comprehensive Employment and Training Act) supervise Wyonella SMITH - is concerned about loss of manpower.] Current unemployment rate here and implications for former CETA (Comprehensive Employment and Training Act) employees noted.
REPORTER: David Garcia

(Newark, New Jersey) Impact of budget cuts on former welfare recipient Alberta Hankerson explained. [HANKERSON - notes government's explanation of cutoff.] Her children named, shown in report
REPORTER: Stephen Geer

Reporter(s):
Cordtz, Dan;
Garcia, David;
Geer, Stephen;
Gibson, Charles;
Reynolds, Frank;
Robinson, Max
Duration:
00:07:40

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