LBJ Explains his Fiscal Policy

Having just launched an "economy drive," undertaken partly to redirect spending and to trim wasteful spending-particularly in the Department of Defense-and partly to convince senate conservatives to drop their opposition to the administration's pending tax cut proposal-introduced by President Kennedy in 1962-President Johnson underscores for Council of Economic Advisers chairman Walter Heller the philosophy behind his approach to that year's fiscal policy.

Date: 
Dec 14, 1963
Participants: 
Lyndon Johnson, Walter Heller
Conversation Number: 
K6312-08-38