Harry Truman actually said...

A good tax reduction bill would give a greater proportion of relief to the low income group.

If H.R. 1 were to become law, the inequity of its provisions would be frozen into the tax structure.

In the face of these facts, common prudence demands a realistic and conservative management of the fiscal affairs of the Government.

The time for tax reduction will come when general inflationary pressures have ceased and the structure of prices is on a more stable basis t...