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Tax Cuts #71672

ABC Evening News for Monday, May 18, 1981
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(Studio) President said ready to compromise on tax cut plan for 3 year, 30% reduction.
REPORTER: Frank Reynolds

(DC) Leaders of Senate and House committees shown. Robert Dole in picture. [DOLE and Senator Russell LONG - deny agreement.] Saturday, scenes of Ronald and Nancy Reagan boarding AF-1 shown. [DOLE - says President to stick with proposal.] Treasury Secretary Don. Regan said canceling Mideast trip to keep eye on compromise negotiations. Regan; shown. Details of cuts Congress expected to approve listed on screen. Length and size of cut said in doubt April 28, Reagan speech to Congress shown. Public said worried over budget deficits. Democrats said reluctant on tax cut due to inflation.
REPORTER: Charles Gibson

Gibson, Charles;
Reynolds, Frank

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