US Presidency
1962

This is a joint responsibility, requiring Congressional cooperation on appropriations, and on three sources of income in particular: First, an increase in postal rates, to end the postal deficit; Secondly, passage of the tax reforms previously urged, to remove unwarranted tax preferences, and to apply to dividends and to interest the same withholding requirements we have long applied to wages; and Third, extension of the present excise and corporation tax rates, except for those changes -which will be recommended in a message- affecting transportation. But a stronger nation and economy require more than a balanced Budget. They require progress in those programs that spur our growth and fortify our strength. A strong America depends on its cities America's glory, and sometimes America's shame.