Harry Truman actually said...

A time of high employment and high prices, wages, and profits, such as the present, calls for a surplus in Government revenue over expenditu...

Under H.R. 1, tax savings to the average family with an income of $2500 would be less than $30, while taxes on an income of $50,000 would be...

There is no justification now for tax reduction.

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...