FISCAL: Third Promise

"I do not," said Franklin Roosevelt in January 1935, "consider it advisable at this time to propose any new or additional taxes." Five months later he asked for a new tax bill and Congress boosted taxes $250,000,000 a year.

"No new or additional taxes are proposed," said Franklin Roosevelt in January 1936. Two months later, on the ground that the Bonus bill had been passed over his veto and processing taxes outlawed, he asked for and got, a law imposing new taxes of $793,000,000 a year.

Last week the President hastily summoned a...

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