Lyndon Johnson actually said...

"In summary: a reduction in the wage withholding rate to 14 percent immediately following enactment would more effectively achieve the economic objectives of the tax bill."

"The additional one point reduction in withholding rates, taking effect sometime in February, will raise the gross national product for the rest of 1964 by some $3 to $4 billion over the level that wou..."

"A reduction in the withholding rate to 14 percent, rather than to 15 percent, effective within one week of enactment, will compensate for the delay in enactment."

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