The present tax codes inhibit the mobility and formation of capital, add complexities and inequities which undermine the morale of the taxpayer, and make tax avoidance rather than market factors a prime consideration in too many economic decisions.

No President should fear public scrutiny of his program. For from that scrutiny comes understanding; and from that understanding comes support or opposition and both are necessary.

It is no contradiction - the most important single thing we can do to stimulate investment in today's economy is to raise consumption by major reduction ofindividualincometaxrates.

A tax cut means higher family income and higher business profits and a balanced federal budget....As the national income grows, the federal government will ultimately end up with more revenues. Prosperity is the real way to balance our budget. By lowering tax rates, by increasing jobs and income, we can expand tax revenues and finally bring our budget into balance.

We will not prematurely or unnecessarily risk the costs of a worldwide nuclear war in which even the fruits of victory would be ashes in our mouth - but neither shall we shrink from that risk any time it must be faced.

A tired nation, said David Lloyd George, is a Tory nation, and the United States today cannot afford to be either tired or Tory.

'The green beret' is again becoming a symbol of excellence, a badge of courage, a mark of distinction in the fight for freedom. I know the United States Army will live up to its reputation for imagination, resourcefulness, and spirit as we meet this challenge.