The final and best means of strengthening demand among consumers and business is to reduce the burden on private income and the deterrents to private initiative which are imposed by our present tax system; and this administration pledged itself last summer to an across-the-board, top-to-bottom cut in personal and corporate income taxes to be enacted and become effective in 1963.
Address and Question and Answer Period at the Economic Club of New York.
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And to weaken and water down the pending program, to confuse and confine its flexibility with rigid restrictions and rejections, will not only harm our economy, it will hamper our security.
The Policy Advisory Committee is an example of the possibilities for cooperative action among Federal and District agencies in resolving difficult problems.
I hope that we will define handicapped so that we do make a major effort on all those who are handicapped.
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