The Nation will shortly begin to tax the windfall profits of the oil industry.

The most significant challenge that I face is the high inflation rate.

Small business is truly the backbone of the American economy.

This legislation affirms and strengthens our commitment to deregulation.

Reducing the burden of unnecessary regulation has been one of my major goals as President.

This bill is a clear example of both unwise fiscal policy and unsound water policy.

This is a budget that cuts the deficit substantially, 75 percent below what it was when I was elected President.

The control of inflation is the most important.

The most serious domestic issue is still inflation.

We have added a net of 9 million new jobs in this Nation, never before done in wartime or peacetime.

I am going to do all I can to hold down the inflation rate, and I need for you to help me.

For the first time in decades, we have deregulated a major industry.

Each bit of additional spending always looks small and unimportant against the total Federal budget.

This bill would hamper the Nation's ability to control inflation, eliminate waste and make the government more efficient.

We took a long step in the battle against inflation this afternoon.

I urge you to help me control inflation and to set an example of leadership for the nation by supporting my veto of the public works bill.

I have a deep commitment to controlling unnecessary spending and also controlling inflation.

I am especially pleased with the increase in the personal exemption for travelers from $100 to $300.