Political Quotes

John Sherman: “Upon this favorable statement I recommended to Congress that instead of applying this surplus revenue, accruing after…”

On the record
Upon this favorable statement I recommended to Congress that instead of applying this surplus revenue, accruing after the current fiscal year, to the extinction of the debt, taxes be repealed or modified to the extent of such surplus.
Said by
John Sherman
Ohio

Editor's note · Context

Sherman recommends using surplus revenue to modify or repeal taxes instead of paying off debt, reflecting his fiscal policy approach.

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