|Question: Have you given any thought to the proposal
of the House Ways and Means Subcommittee for a forty per
cent horizontal reduction in tobacco taxes?
President: I don't know a thing about it, only what I read in the papers. Why a forty percent reduction in tobacco taxes?
Question: On manufactured products.
President: You mean instead of a six-cent stamp on my Camels there will be only a two-cent stamp?
Question: Yes, sir.
President: Why, my Lord in Heaven, we need the revenue.
Question: They claim the increased sales would make up for the loss of taxes by reducing it to ten cents.
President: I don't think I will smoke two packs a day instead of one.