The Federal income tax is one of those subjects about which we talk, about which we complain, but about which not very much is done.

Between the third and fourth, 25 months.

I have no doubt that the nuclear test ban treaty will be approved by the Senate, and by a margin large enough to show the world that the American people want a just peace.

I do not say that a recession is inevitable without a tax cut, or impossible with one, but, excluding war years, we have had a recession on the average every 42 months since World War II.

Peace around the world, and progress here at home, represent the hopes of all Americans.

Recessions mean high unemployment and high budget deficits.

And I say again in the next 2 1/2 years we need 10,000 new jobs every day for a total of 10 million jobs.

But our loss from excessive unemployment in recent years has been 20 times as great as our loss from strikes.

This Nation needs a tax cut now, not a tax cut if and when, but a tax cut now, and for the future.

I would like to see us skip a recession.

They have helped to cause recessions in previous years, including 1958 and 1960, and unless they are reduced, they can cause recessions again.