Having just launched an "economy drive," undertaken partly to redirect spending and to trim wasteful spending-particularly in the Department of Defense-and partly to convince senate conservatives to drop their opposition to the administration's pending tax cut proposal-introduced by President Kennedy in 1962-President Johnson underscores for Council of Economic Advisers chairman Walter Heller the philosophy behind his approach to that year's fiscal policy.

Date:  Dec 14, 1963
Participants:  Lyndon Johnson, Walter Heller
Conversation Number:  K6312-08-38