Date 3 January 1934
Author Franklin D. Roosevelt
Title Excerpt from Presidential Press Conference #84
Description Press conference excerpt
Location The Public Papers and Addresses of Franklin D. Roosevelt, Vol. I (New York: Random House, 1938).
 
President Franklin Roosevelt, responding to a reporter's speculation that a substantive tax bill was unlikely in 1934:

President: I think it is a pretty good inference for this year and the reason for it is that I am very hopeful that the actual tax receipts will run a good deal higher than the estimates we have here. I think it is better to plug the loopholes rather than get into a discussion of taxes at this session.