Presidents -- United States -- Messages; United States -- Politics and government -- Sources
Tax simplification will be a giant step toward unleashing the tremendous
pent-up power of our economy. But a second American revolution must carry
the promise of opportunity for all. It is time to liberate the spirit of
enterprise in the most distressed areas of our country.
This government will meet its responsibility to help those in need. But
policies that increase dependency, break up families, and destroy
self-respect are not progressive; they're reactionary. Despite our strides
in civil rights, blacks, Hispanics, and all minorities will not have full
and equal power until they have full economic power.
We have repeatedly sought passage of enterprise zones to help those in the
abandoned corners of our land find jobs, learn skills, and build better
lives. This legislation is supported by a majority of you.
Mr. Speaker, I know we agree that there must be no forgotten Americans.
Let us place new dreams in a million hearts and create a new generation of
entrepreneurs by passing enterprise zones this year. And, Tip, you could
make that a birthday present.
Nor must we lose the chance to pass our youth employment opportunity wage
proposal. We can help teenagers, who have the highest unemployment rate,
find summer jobs, so they can know the pride of work and have confidence in
their futures.
We'll continue to support the Job Training Partnership Act, which has a
nearly two-thirds job placement rate. Credits in education and health care
vouchers will help working families shop for services that they need.
Our administration is already encouraging certain low-income public housing
residents to own and manage their own dwellings. It's time that all public
housing residents have that opportunity of ownership.
The Federal Government can help create a new atmosphere of freedom. But
States and localities, many of which enjoy surpluses from the recovery,
must not permit their tax and regulatory policies to stand as barriers to
growth.
Let us resolve that we will stop spreading dependency and start spreading
opportunity; that we will stop spreading bondage and start spreading
freedom.
There are some who say that growth initiatives must await final action on
deficit reductions. Well, the best way to reduce deficits is through
economic growth. More businesses will be started, more investments made,
more jobs created, and more people will be on payrolls paying taxes. The
best way to reduce government spending is to reduce the need for spending
by increasing prosperity. Each added percentage point per year of real GNP
growth will lead to cumulative reduction in deficits of nearly $200 billion
over 5 years.
Public-domain text, read in full here on John Shaqi.
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