Pres. Johnson's State of the Union speeches: on Tax Reform

6% surcharge to restrain unbalanced economic expansion

• Wages were the highest in history-and the unemployment rate, announced yesterday, reached the lowest point in 13 years;
• Total after-tax income of American families rose nearly 5%
• Corporate profits after taxes rose a little more than 5%
• Our gross national product advanced 5.5%, to about $740 billion;
• Income per farm went up 6%.