Lyndon Johnson actually said...

The first order of business is the prompt enactment by the Congress of the penny on the dollar tax increase that we will need to pay for part of our extraordinary defense costs.

Context

Remarks at the Swearing In of Merton J. Peck as a Member, Council of Economic Advisers, and Upon Designating Arthur M. Okun...

02/14/1968

https://www.presidency.ucsb.edu...

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