FDR: “May I suggest to you that in the conduct of this study, your Committee should consider among other things the definite…”

“May I suggest to you that in the conduct of this study, your Committee should consider among other things the definite danger that an entering wedge of Federal expenditure in any system of taxing to states or localities might easily expand in a very short time to the point where the Treasury would be gravely embarrassed and financial burdens now resting on the states and localities would tend to be cast on the Federal Government.”