06/06/1962
https://www.presidency.ucsb.edu...
"The single-most important provision in the bill would provide a tax credit for new investment in machinery and equipment in the United States."
"May I congratulate you, and your associates on the House Ways and Means Committee, on reporting to the House a tax bill that will truly serve the national interest."
"This is not a new tax."
"It only makes certain that taxes now due are in fact paid."