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(Studio) Senator Finance Committee opens hearings on Tax Reform Bill, Treasury Secretary David Kennedy calls it too inflationary, Bill says family of 4 to pay $576; Kennedy suggests $616. He asks that bill go easier on business
REPORTER: Howard K. Smith
(DC) [Senator Albert GORE - says Kennedy shifts tax burden to people from corps.] [KENNEDY - says not the way I'd say it,] [GORE - says my way easier to understand, Ought to be enough income exempt from taxes for child to be reared at cost of existence.] [KENNEDY - says impossible.] Senator Russell Long opposes cut in oil depletion allowance.
REPORTER: Bob Clark
- Clark, Bob;
- Smith, Howard K.
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