Our true choice is not between tax reduction on the one hand and the avoidance of large federal deficits on the other. It is increasingly clear that no matter what party is in power, so long as our national security needs keep rising, an economy hampered by restrictive tax rates will never produce enough revenues to balance our budget, just as it will never produce enough jobs or enough profits.

Anyone who can solve the problems of water will be worthy of two Nobel prizes - one for peace and one for science.

As we express our gratitude, we must never forget that the highest appreciation is not to utter words, but to live by them.

To further the appreciation of culture among all the people, to increase respect for the creative individual, to widen participation by all the processes and fulfillments of artthis is one of the fascinating challenges of these days.

I have seen in many places housing which has been developed under government influences, but I have never seen any projects in which governments have played their part which have fountains and statues and grass and trees, which are as important to the concept of the home as the roof itself.

The cost of freedom is always high, but Americans have always paid it. And one path we shall never choose, and that is the path of surrender, or submission.

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.