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Though choices (The Deficit) #981802

CBS Evening News for Sunday, Dec 05, 2010
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(Studio: Russ Mitchell) Findings of a CBS News poll on Americans' view of the seriousness of the budget deficit cited.

(Studio: Russ Mitchell) Report introduced.

(Ridgewood, New Jersey: Bianca Solorzano) A proposal to cut or eliminate the home mortgage interest deduction and replace it with mortgage credits examined; details given about the possible reform measures that would raise billions. [New Jersey homeowners Yasheen and Reimundo GARCIA - talk taxes.] [Citizens for Tax Justice director Bob McINTYRE†, Americans for tax Reform tax policy director Ryan ELLIS†- comment on a mortgage tax change.]

(Studio: Russ Mitchell) Report introduced.

(New York: Seth Doane) The idea of a value-added tax {VAT} to help chip away at our national debt examined; National Debt Clock shown; details given about the VAT as a national sales tax. [Columbia Law School professor Michael GRAETZ†- says some taxes have to be raised to finance the deficit.] [London shopper Karen STUBBS†, cabbie Gary ZYLBERSAC†- complain about the VAT.] [Citizens for Tax Justice director Bob McINTYRE†- calls the VAT unfair.]

Reporter(s):
Mitchell, Russ;
Solorzano, Bianca;
Doane, Seth
Duration:
00:05:20

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