With the funding of the national debt, as here suggested, I feel safe in saying that taxes and the revenue from imports may be reduced safely from sixty to eighty millions per annum at once, and may be still further reduced from year to year, as the resources of the country are developed.
Ulysses S. Grant: “With the funding of the national debt, as here suggested, I feel safe in saying that taxes and the revenue from imports…”
Editor's note · Context
Grant expresses confidence that funding the national debt could lead to significant tax reductions.
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