The plan would require a substantial increase in taxes as no such expenditure or depletion of revenues as this plan implies could be paid from marginal income of the government more particularly in view of the very large increased expenditures imposed by the naval program, flood control and other branches of farm relief.
On the recordApril 21, 1929
Source
presidency.ucsb.eduEditor's note · Context
Letter to Senator Charles L. McNary on the Export Debenture Plan of Farm Relief.
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