While many of the taxes are not as I desired, the bill will effect the great major purpose of assurance to the country and the world of the determination of the American people to maintain their finances and their currency on a sound basis.
Herbert Hoover: “While many of the taxes are not as I desired, the bill will effect the great major purpose of assurance to the country…”
On the recordJune 5, 1932
Source
presidency.ucsb.eduEditor's note · Context
Statement on Signing the Revenue Act of 1932.
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