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 jobs or enough profits.

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.

I am not the Catholic candidate for President. I am the Democratic Party's candidate for President, who happens also to be a Catholic.

A nation that is afraid to let its people judge the truth and falsehood in an open market is a nation that is afraid of its people.

It is our task in our time and in our generation, to hand down undiminished to those who come after us, as was handed down to us by those who went before, the natural wealth and beauty which is ours.

The rising tide lifts all the boats.

But if the life will not be easy, it will be rich and satisfying. For every young American who participates in the Peace Corps-who works in a foreign land-will know that he or she is sharing in the great common task of bringing to man that decent way of life which is the foundation of freedom and a condition of peace.