On the recordAugust 10, 1970
It would help drive up interest rates and taxes.
Source
presidency.ucsb.eduIt would help drive up interest rates and taxes.
Remarks Announcing the Vetoing of Two Appropriations Bills
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I am firmly convinced that the record, in its entirety, does not justify the extreme step of impeachment and removal of a President.
This legislation exceeds my budgetary recommendations by such a large amount--some $540 million--that it presents a clear and distinct threat to our fight against inflation and cannot be accepted.
This was a serious act of omission for which I take full responsibility and which I deeply regret.