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All my dismounted men had been sent to the White House some days before, and they were directed to report to Wilson as they could be provided with mounts. "COLD HARBOR, VA., June 6, 1964. "MAJOR-GENERAL D. HUNTER, Commanding Dept West Virginia.
This tax increase would yield about half of the $23 billion per year that we returned to the people in the tax reduction bills of 1964 and 1965. This must be a temporary measure, which expires in less than 2 years. Congress can repeal it sooner if the need has passed. But Congress can never repeal inflation.
Married couples with two children, with incomes up to $5,000 per year, will be exempt from this tax as will single people with an income of up to $1,900 a year. Now if Americans today still paid the income and excise tax rates in effect when I came into the Presidency, in the year 1964, their annual taxes would have been over $20 billion more than at present tax rates.
And every month of delay dilutes its benefits in 1964 for consumption, for investment, and for employment. For until the bill is signed, its investment incentives cannot be deemed certain, and the withholding rate cannot be reduced and the most damaging and devastating thing you can do to any businessman in America is to keep him in doubt and to keep him guessing on what our tax policy is.
By the time the Bill passed in the spring of 1964, civil rights supporters felt that Johnson was as dependable an ally as Kennedy had been. Instead of the vehement opposition to the public accommodations provision of the Bill which had been expected, compliance was fairly wide-spread and came with relatively little opposition.
Then the formalities of handing over the monk to the secular authorities had taken place, in accordance with the Clergy Discipline Amendment Act of 1964 an Act by which the secular houses of Representatives had passed a code of penalties for clerks condemned by the ecclesiastical courts clerks, that is to say, who had availed themselves of Benefit of Clergy and had submitted themselves to ecclesiastical jurisdiction.
To him the nineteenth century would stand on the same plane with the fourth equally childlike and he would only wonder how both of them, knowing so little, and so weak in force, should have done so much. Perhaps even he might go back, in 1964, to sit with Gibbon on the steps of Ara Coeli. Meanwhile he was getting education.
Today we still welcome those winds of change and we have every reason to believe that our tide is running strong. With thanks to Almighty God for seeing us through a perilous passage, we ask His help anew in guiding the "Good Ship Union." State of the Union Address Lyndon B. Johnson January 8, 1964 Mr. Speaker, Mr.
I was informed this afternoon by the distinguished Secretary of the Treasury that his preliminary estimates indicate that our balance of payments deficit has been reduced from $2.8 billion in 1964 to $1.3 billion, or less, in 1965. This achievement has been made possible by the patriotic voluntary cooperation of businessmen and bankers working with your Government.
To achieve this reduction within the limits of a manageable budgetary deficit, I urge: first, that these cuts be phased over 3 calendar years, beginning in 1963 with a cut of some $6 billion at annual rates; second, that these reductions be coupled with selected structural changes, beginning in 1964, which will broaden the tax base, end unfair or unnecessary preferences, remove or lighten certain hardships, and in the net offset some $3.5 billion of the revenue loss; and third, that budgetary receipts at the outset be increased by $1.5 billion a year, without any change in tax liabilities, by gradually shifting the tax payments of large corporations to a more current time schedule.
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