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Nixon Backs Surtax Continuation Until Facts Permit End
President-elect Nixon pledged to support Johnson’s renewal of the 10 percent income surtax until wartime needs, budget outlook, and economic conditions justify. He noted the surcharge should end as soon as feasible, aligning with Johnson’s view, after discussions with the president. The statements mirrored Johnson’s farewell address and stressed awaiting definitive facts before repeal.
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