Time and the world do not stand still. Change is the law of life.

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.

But wherever we are, we must all, in our daily lives, live up to the age-old faith that peace and freedom walk together. In too many of our cities today, the peace is not secure because freedom is incomplete." (John F. Kennedy, June 10, 1963, American University speech)

Civility is not a sign of weakness.

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.

I look forward to an America which will not be afraid of grace and beauty...an America which will reward achievement in the arts as we reward achievement in business or statecraft.

I believe in an America where religious intolerance will someday end... where every man has the same right to attend or not attend the church of his choice.