Richard Nixon: “TODAY I have approved three important changes in the administration of the depreciation provisions of the tax laws which…”

“TODAY I have approved three important changes in the administration of the depreciation provisions of the tax laws which will:--help create jobs for the unemployed as well as young people joining the labor force;--promote the economic growth which is essential if this Nation is to meet its domestic and international responsibilities;--increase the competitiveness of U.S. goods abroad, thus strengthening our balance of payments; and--reduce significantly the complexity and uncertainty of the application of an important section of the Internal Revenue Code.”