In his 1963 State of the Union address, he proposed substantial tax reform and a reduction in income tax rates from the current range of 20–90% to a range of 14–65% as well as a reduction in the corporate tax rates from 52 to 47%.
Dalam pidato State of the Union-nya tahun 1963, ia mengusulkan reformasi pajak besar-besaran dan pengurangan pajak pendapatan dari kisaran 20–90% menjadi 14–65%; ia mengusulkan pengurangan pajak perusahaan dari 52 menjadi 47%.