Democratic National Convention footage - 1968-08-28 - 4
Channel: malgent
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Duration: PT3082S
Read a transcript preview of “Democratic National Convention footage - 1968-08-28 - 4” from malgent, uploaded on 2024-07-25.
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Language: English (YouTube automatic captions)
[0:02] as much of our time and effort impress
[0:06] upon our Congress
[0:08] both the programs and the policies on
[0:12] the one hand and the tax policies on the
[0:15] other needed to do the job, we could win
[0:20] the war on poverty and solve the urban
[0:23] crisis.
[0:25] If today you and I paid our federal
[0:29] taxes at the rates which prevailed
[0:32] before the tax cut of 1964,
[0:36] the federal government would get $25
[0:39] billion
[0:40] more revenue each year.
[0:44] The recently enacted surcharge yields
[0:48] less than 1/2 of that amount.
[0:53] I think you will agree that no one of us
[0:56] suffered severely under the 1963 tax
[1:00] rates.
[1:02] I think part of the needed boost to the
[1:05] economy should have come in the form of
[1:08] more investment in solving city and
[1:12] poverty problems and part in tax cuts
[1:17] rather than all in tax reductions.
[1:22] If Vietnam peace came tomorrow, too many
[1:25] Americans would favor using the peace
[1:29] dividend for a tax cut rather than to
[1:33] rebuild our cities.
[1:35] It is all wrong to assume that we would
[1:39] meet our domestic problems but for
[1:41] Vietnam.
[1:43] The point is that we have the resources
[1:46] now. Yes, even while the war is going
[1:49] on, and we will have them even after the
[1:52] war. But the city crisis is too serious
[1:57] to fool ourselves with slogans that the
[2:00] only reason why we are not meeting the
[2:02] needs at home is Vietnam.
[2:05] That is why I believe that the emphasis
[2:08] on the butt for Vietnam issue in the
[2:10] minority plank is so misleading and so
[2:14] harmful. It takes our attention away
[2:17] from where it is needed, namely on the
[2:20] appropriate domestic policies to meet
[2:22] our domestic needs. Enough
[2:24] appropriations to carry