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Economy: Recession & Taxes / A Discussion (Part II) #941900

CNN Evening News for Monday, Aug 03, 2009
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(Studio: Erica Hill) President Obama's promise not to raise taxes for the middle class noted. [Treasury Secretary Tim GEITHNER, Larry SUMMERS, White House press secretary Robert GIBBS†- offer views on what the administration will do for the economy.]

(Studio: Erica Hill) Live discussion continued with CNN's David Gergen & former comptroller general David Walker about the economy. [GERGEN - says to raise taxes during the recession would be bad economics & politics; states the bubble in federal spending will burst.] [In studio, WALKER - says we need health care reform, but you cannot reduce costs by expanding coverage: the math does not work, so Obama will have to break his tax pledge.]

(Studio: Erica Hill) CNN coverage of the second 100 days of Obama's administration noted.

Hill, Erica

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