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Budget #68542

ABC Evening News for Tuesday, Oct 20, 1981
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(Studio) Senator Pete Domenici's prediction of future tax increase as means of balance budget noted.
REPORTER: Frank Reynolds

(DC) [Vice President George BUSH - notes President Reagan's commitment to balance 1984 budget.] Assessment of task by OMB director David Stockman outlined on screen; options available to President listed on screen.

(DC) Treasury Secretary Don. Regan reported indicating administration's consideration of tobacco and alcohol excise tax; details given. [Senator Ernest HOLLINGS - comments on possible tax cut postponement.] [REGAN - expresses opposing view.] [Murray WEIDENBAUM - anticipates incrd. unemployment.]
REPORTER: Barry Serafin

(Studio) Admin. reported abandoning plan to phase out 50% of public health hospitals; details given.
REPORTER: Frank Reynolds

Hume, Brit;
Reynolds, Frank;
Serafin, Barry

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