Tom Tancredo: “there are words we should remember. There are quotes worth quoting again. Here is one: ``If we are to prevail in the…”

“there are words we should remember. There are quotes worth quoting again. Here is one: ``If we are to prevail in the long run, we must expand the long-run strength of our economy. We must move along the path to a higher rate of growth and full employment. ``For this would mean tens of billions of dollars more for each year in production, profits, wages and public revenues. It would mean an end to the persistent slack which has kept our unemployment at or above 5 percent for 61 of the past 62 months.'' ``To achieve these greater gains, one step, above all, is essential, the enactment this year of a substantial reduction and revision in Federal income taxes. ``For it is increasingly clear, to those in government, business and labor who are responsible for our economy's success, that our obsolete tax system exerts too heavy a drag on private purchasing power, profits and employment. Designed to check inflation in early years, it now checks growth instead. It discourages extra effort and risk. It distorts the use of resources. It invites recurrent recessions, depresses our Federal revenues, and causes chronic budget deficits.'' ``This net reduction in tax liabilities will increase the purchasing power of American families and business enterprises in every tax bracket, with the greatest increase going to our low-income consumers.…”