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Congress / Tax Cut #728983

ABC Evening News for Thursday, May 22, 2003
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(Studio: Charles Gibson) The Congressional bill to cut taxes introduced. [President BUSH - says the bill is good for American workers, American families. . . .]

(Capitol Hill: Linda Douglass) The benefits of this tax bill for rich people & families with children examined; examples cited. [Teachers Connie & John MORAN - react to cuts.] [Brookings Inst. Peter ORSZAG†- lists the types of people who will not benefit.] [Deloitte & Touche Mark GARAY†- says those with investment income are clear winners.]

(Studio: Charles Gibson) Report introduced.

(Studio: Betsy Stark) A reality check on the impact of the tax cut on the lagging economy examined; details given about spending, jobs & the deficit. [Economist Laurence MEYERS†- says this could help future growth.] [Billionaire Warren BUFFETT - says there is no net gain in giving tax breaks to the rich.] [Economist Mark ZANDI†- says it is not a jobs package.]

(Studio: Charles Gibson) The complications of the tax code noted.

Gibson, Charles;
Douglass, Linda;
Stark, Betsy

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