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.

The science of weapons and war has made us all one world and one human race with one common destiny.

Food is strength, and food is peace, and food is freedom, and food is a helping hand to people around the world whose good will and friendship we want.

In those countries where income taxes are lower than in the United States, the ability to defer the payment of U.S. tax by retaining income in the subsidiary companies provides a tax advantage for companies operating through overseas subsidiaries that is not available to companies operating solely in the United States. Many American investors properly made use of this deferral in the conduct of their foreign investment.

There is, in addition to a courage with which men die; a courage by which men must live.

The Federal Government is the people and the budget is a reflection of their need.

In our democracy every young person should have an equal opportunity to obtain a higher education, regardless of his station in life or financial means.