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Respectfully Quoted: A Dictionary of Quotations. 1989.

NUMBER: 1795
AUTHOR: George Magoffin Humphrey (1890–1970)
QUOTATION: If the Government cannot reduce the “terrific” tax burden on the country, I will predict that you will have a depression that will curl your hair, because we are just taking too much money out of this economy that we need to make the jobs that you have to have as time goes on.
ATTRIBUTION: GEORGE M. HUMPHREY, secretary of the treasury, at a news conference on January 15, 1957, as reported by The New York Times, January 17, 1957, p. 20. On January 16, President Eisenhower sent to Congress a record peacetime budget of $71.8 billion.
SUBJECTS: Taxation