Johnson Signs Tax Cut Bill
Johnson Signs Tax Cut Bill
President Lyndon Johnson signs the tax cut bill into law just 13 months after it was proposed to Congress by President Kennedy. Less than six hours after final Congressional passage, he affixes his signature to the act that will mean $11 1/2 billion in the pockets of taxpayers. Washington DC President Johnson shaking hands with cabinet members, Senator Dirkson of Illinois is off to the left as you face the footage. MS - President Johnson signing the tax cut bill a reality. Camera pans - Members of Congress. President Lyndon Banes Johnson, "There is no asset more precious to freedom, there is no guarantee more vital to liberty and a robust American economy. Noone can bury us, or bluff us, or beat us, so long as our economy remains strong. No economic system anywhere has ever had the success of the American economy. By placing maximum reliance on the initiative, and the creative energies of individual businessmen and workers, we have created here in our land the most prosperous nation in the history of the world."