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Economy #73532

ABC Evening News for Monday, Aug 31, 1981
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(Studio) Banks and savings insts. said halting bonus plans tied to new all-savers certificates due to IRS (Internal Revenue Service) doubts regarding advantages of savings plan.
REPORTER: Frank Reynolds

(NYC) Recent bonus savings gimmicks reviewed; all-savers certificates, part of President Reagan's new tax plan, explained. Case of David Janofsky cited as example [JANOFSKY - outlines his predicament.] [Lincoln Savings Bank spokesperson Covington HARDEE - reassures customers.] Purpose of new certificates recalled.
REPORTER: Michael Connor

Connor, Michael;
Reynolds, Frank

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