For lower-income families, my tax relief plan restores basic fairness. Right now, complicated tax rules punish hard work. Her overtime, her hardest hours, are taxed at nearly 50 percent. With tax relief, overtime will no longer be overtax time for the waitress. People with the smallest incomes will get the highest percentage reductions.
Tax relief is right and tax relief is urgent.
The chairman of the Federal Reserve has testified before Congress that tax cuts often come too late to stimulate economic recovery. We must act now because it is the right thing to do. We must also act now because we have other things to do. America has a window of opportunity to extend and secure our our present peace by promoting a distinctly American inter-nationalism. We will work with our allies and friends to be a force for good and a champion of freedom.