In evaluating the impact of these tax actions on economic activity, it should be remembered that as of January 1, 1971, almost $7 billion in individual income tax cuts had already occurred as a result of the Tax Reform Act of 1969.
Statement Announcing Changes in Administration of the Depreciation Provisions of the Tax Laws
Share
More from Richard Nixon
I did not realize the extent of the implications which these conversations might now appear to have.
I firmly believe that our current fiscal situation demands national unanimity on the issues of a larger concern.
I have done my very best in all the days since to be true to that pledge.
Other voices in this conversation
