Our present tax system ... exerts too heavy a drag on growth ... It reduces the financial incentives for personal effort, investment, and risk-taking ... The present tax load ... distorts economic judgments and channels an undue amount of energy into efforts to avoidtaxliabilities.

And only the very courageous will be able to keep alive the spirit of individualism and dissent which gave birth to this nation, nourished it as an infant, and carried it through its severest tests upon the attainment of its maturity.

The only valid test of leadership is the ability to lead, and lead vigorously.

I see no magic in tax dollars which are sent to Washington and then returned. I abhor the waste and incompetence of large-scale federal bureaucracies in this administration as well as in others. I do not favor state compulsion when voluntary individual effort can do the job and do it well.

I think it is appropriate that we pay tribute to this great constitutional principle which is enshrined in the First Amendment of the Constitution: the principle of religious independence, of religious liberty, of religious freedom.

So, let us not be blind to our differences - but let us also direct attention to our common interests and to the means by which those differences can be resolved.

One hundred and fifty years ago the vacant lands of the West were opened to private use. One hundred years ago the Congress passed the Homestead Act, probably the single greatest stimulus to national development ever enacted. Under the impetus of that Act and other laws, more than 1.1 billion acres of the original public main have been transferred to private and non-federal public ownership. The 768 million acres remaining in federal ownership are a valuable national asset.