January 10

This Day in History

Vietnam War

Jan 10, 1967:

Johnson asks for surcharge to pay for the war

President Johnson, in his annual State of the Union message to Congress, asks for enactment of a 6 percent surcharge on personal and corporate income taxes to help support the Vietnam War for two years, or "for as long as the unusual expenditures associated with our efforts continue." Congress delayed for almost a year, but eventually passed the surcharge. The U.S. expenditure in Vietnam for fiscal year 1967 would be $21 billion.

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