Lyndon Johnson actually said...

"The tax on local and long-distance telephone services, which I propose to reduce from 10 percent to 3 percent by January 1966, and completely eliminate by 1969."

"This reduction--more than double the amount that I recommended in January--is possible and desirable because Federal tax revenues, responding, we think, very strongly to our expanding economy, are now..."

"I will recommend a total excise tax cut of approximately $4 billion in amount."

"We want to pass a tax bill that will continue to make more jobs, to make more profits, and to have a more profitable economy for all America."