Political Quotes

Herbert Hoover: “It is urged by many thoughtful citizens that the peculiar economic effect of the income tax on so-called capital gains…”

On the record
It is urged by many thoughtful citizens that the peculiar economic effect of the income tax on so-called capital gains at the present rate is to enhance speculative inflation and likewise impede business recovery.
Said by
Herbert Hoover
Republican · California

Editor's note · Context

Hoover discusses the impact of the income tax on capital gains and its effects on the economy.

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