On the recordJuly 24, 1950
This makes it imperative that we increase tax revenues promptly lest a growing deficit create new inflationary forces detrimental to our defense effort.
Source
presidency.ucsb.eduHarry Truman: “This makes it imperative that we increase tax revenues promptly lest a growing deficit create new inflationary forces…”
Editor's note · Context
Letter to the Chairman, Senate Committee on Finance, on the Need for an Increase in Taxes.
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