That growth rate is simply too small to meet the hopes and dreams of most Americans. It is too small to meet our competition abroad. In due course, the interest rate hikes will lead to declining growth and higher unemployment long before middle-Americans have a feeling of confidence about the future. The federal income tax system taxes savings, investments, and hopes for the future. It is too complex, too intrusive, and it prices our exports too high.
Presidential campaigns offer an opportunity for the American people to make a change in course.
Candidates must offer strong and bold programs that give the people solid choices for the better. I advocate the total end of federal income taxes. I advocate a national retail sales tax as the best alternative to obtain the funds to run the government in a direct and easily observed manner subject to constant scrutiny by the people and their elected representatives. We should achieve that goal in 1997 and be prepared to save, invest, and grow for many years to come.