This year, we have an opportunity to change that. Let's close loopholes so we stop rewarding companies that keep profits abroad and reward those that invest here in America. Let's use those savings to rebuild our infrastructure and to make it more attractive for companies to bring jobs home. Let's simplify the system and let a small-business owner file based on her actual bank statement, instead of the number of accountants she can afford. And let's close the loopholes that lead to inequality by allowing the top 1 percent to avoid paying taxes on their accumulated wealth. We can use that money to help more families pay for childcare and send their kids to college. We need a Tax Code that truly helps working Americans trying to get a leg up in the new economy, and we can achieve that together. [Applause] We can achieve it together. Helping hard-working families make ends meet, giving them the tools they need for good-paying jobs in this new economy, maintaining the conditions of growth and competitiveness--this is where America needs to go. I believe it's where the American people want to go. It will make our economy stronger a year from now, 15 years from now, and deep into the century ahead. Of course, if there's one thing this new century has taught us, it's that we cannot separate our work here at home from challenges beyond our shores. My first duty as Commander in Chief is to defend the United States of America. In doing so, the question is not whether America leads in the world, but how. When we make rash decisions, reacting to the headlines instead of using our heads, when the first response to a challenge is to send in our military, then we risk getting drawn into unnecessary conflicts and neglect the broader strategy we need for a safer, more prosperous world. That's what our enemies want us to do. I believe in a smarter kind of American leadership. We lead best when we combine military power with strong diplomacy, when we leverage our power with coalition building, when we don't let our fears blind us to the opportunities that this new century presents. That's exactly what we're doing right now. And around the globe, it is making a difference.