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 expected to be about $1 1/2 billion higher both in fiscal 1965 and fiscal 1966 than we estimated only last January.
Remarks Upon Announcing Plans To Recommend a Reduction in Excise Taxes.
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Sometimes it is your job to go out and scout the road, to encounter and overcome the difficulties that always accompany such a vast new venture as this.
This program, sponsored by the World Meteorological Organization, constitutes one of the largest and most complex scientific and technological undertakings ever attempted as an international effort.
Thank you all for your welcome and for the wonderful work that you carry on.
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