Presidents -- United States -- Messages; United States -- Politics and government -- Sources
And fourth, because we must ensure reduction and eventual elimination of
deficits over the next several years, I will propose a standby tax, limited
to no more than 1 percent of the gross national product, to start in fiscal
1986. It would last no more than 3 years, and it would start only if the
Congress has first approved our spending freeze and budget control program.
And there are several other conditions also that must be met, all of them
in order for this program to be triggered.
Now, you could say that this is an insurance policy for the future, a
remedy that will be at hand if needed but only resorted to if absolutely
necessary. In the meantime, we'll continue to study ways to simplify the
tax code and make it more fair for all Americans. This is a goal that every
American who's ever struggled with a tax form can understand.
At the same time, however, I will oppose any efforts to undo the basic tax
reforms that we've already enacted, including the 10-percent tax break
coming to taxpayers this July and the tax indexing which will protect all
Americans from inflationary bracket creep in the years ahead.
Now, I realize that this four-part plan is easier to describe than it will
be to enact. But the looming deficits that hang over us and over America's
future must be reduced. The path I've outlined is fair, balanced, and
realistic. If enacted, it will ensure a steady decline in deficits, aiming
toward a balanced budget by the end of the decade. It's the only path that
will lead to a strong, sustained recovery. Let us follow that path
together.
No domestic challenge is more crucial than providing stable, permanent jobs
for all Americans who want to work. The recovery program will provide jobs
for most, but others will need special help and training for new skills.
Shortly, I will submit to the Congress the Employment Act of 1983, designed
to get at the special problems of the long-term unemployed, as well as
young people trying to enter the job market. I'll propose extending
unemployment benefits, including special incentives to employers who hire
the long-term unemployed, providing programs for displaced workers, and
helping federally funded and State-administered unemployment insurance
programs provide workers with training and relocation assistance. Finally,
our proposal will include new incentives for summer youth employment to
help young people get a start in the job market.
We must offer both short-term help and long-term hope for our unemployed. I
hope we can work together on this. I hope we can work together as we did
last year in enacting the landmark Job Training Partnership Act. Regulatory
reform legislation, a responsible clean air act, and passage of enterprise
zone legislation will also create new incentives for jobs and opportunity.
Public-domain text, read in full here on John Shaqi.
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