text: And so, the plan that I have proposed - and contrary to what John says, my plan is for a phased-in tax cut over a three-year period, tax increase and depreciation allowances for business and industry to give them the capital to refurbish plant and equipment, research and development, improved technology - all of which we see our foreign competitors having, and we have the greatest percentage of outmoded industrial plant and equipment of any of the industrial nations - produce more, have stable money supply, and give the people of this country a greater share of their own savings.