Vanderbilt Television News Archive

(Studio) President Reagan's efforts to gain Democrat support for his economy plan reported.
REPORTER: Frank Reynolds

(DC) Importance of economy plan to Reagan's political future examined. [Representative Charles STENHOLM - notes "wooing" occurring.] Stenholm's leadership of conservative Democrat forum and general situation on Capitol Hill with regard to support for and opposition to Reagan's plan discussed. [Senator Robert DOLE - calls for rethinking in incrd. defense spending in light of social programs being cut.] Lack of widespread support for President's tax cut plan explained. [DOLE - doesn't detect ground swell for Roth-Kemp.] Representative Dan Rostenkowski's alternative tax cut proposal mentioned. [STENHOLM - notes concern over deficit caused by size of President's proposed tax cut.] Admin.'s refusal to compromise at this time noted. (OMB director David STOCKNAN - points out that compromise occurs at end of legislative process and not in the beginning.] [White House chief of Staff James BAKER - notes debate's progress.] [Representative James JONES - comments on significance of whatever legislature is passed.] Risks involved for Reagan discussed.
REPORTER: Barry Serafin