Today, our dominant international challenge is to restore the greatness of America, based on telling the truth, a commitment to peace, and respect fo… - Jimmy Carter

Also, we need tax reduction and tax reform. They go together. They add up to $25 billion in net cuts in the income taxes Americans have to pay, and they are also designed to create an additional 1 million new jobs. Seventeen billion dollars of this tax cut will be for working families in our country, personal income tax reductions, and the rest in corporate tax reductions. Corporations will also receive higher tax credits for investing in the sort of new plants, new equipment that will make New England and the rest of the Nation competitive with aggressive foreign exports. But we can't have these cuts in taxes unless we help pay for them by eliminating some of our unnecessary and unwarranted income tax subsidies. Two of these are the deferral subsidy and the DISC subsidies. Both have a particularly bad effect in New England, where competition from abroad has had such a terrible effect on businessmen and on workers alike. The deferral subsidy sets a situation in effect where multilateral corporations pay lower taxes on foreign profits than they pay on their U.S. profits. This amounts to subsidizing corporations to export jobs overseas. The so-called DISC subsidies are just as bad. They let U.S. corporations set up dummy corporations to handle foreign exports, so as to keep from paying U.S. taxes on half their profits. Both these giveaways go overwhelmingly to a few of the largest multinational corporations, and both mean that the average taxpayer has to pay the bill, more taxes, just to take up the slack caused by these subsidies. And both cost America, and particularly New England, jobs. Both loopholes should be closed. As for the famous three-martini lunch, I don't care how many martinis anyone has with lunch, but I am concerned about who picks up the check. I don't think a relatively small minority has some sort of divine right to have expensive meals, free theater tickets, country club dues, sporting events tickets paid for by heavier taxes on everybody else. If the Congress will help me by getting rid of these tax loopholes and by enacting the entire economic program, we can have a good start on correcting unemployment and inflation. The economy won't turn around overnight, of course, any more than an ocean liner can turn around on a dime. The job will require slow, careful planning, not dramatic master strokes. It will require small corrections, of course, that we adhere to very patiently. It will require careful planning, careful adjustment, careful tuning and cooperation. The machinery of the American economy is sound. We have a lot to be thankful for. It's worked well despite severe shocks, but it can work better, and that's our major goal in this country this year.

I've never endorsed the PLO. Our Government has had no communication, at all, directly with the PLO. The only communication has been when representatives of the PLO have been to Arab leaders immediately prior to a Cy Vance visit with them or their visit to our country and have delivered messages to us indirectly. Our agreement with the Israeli Government several years ago, before I became President, was that we would not communicate with the PLO as long as they did not refute their commitment to destroy the nation of Israel and did not accept the right of Israel to exist. Our public position is the same as our private position. There is no difference between them. We have said that if the PLO would accept publicly the right of Israel to exist and exist in peace, as described under United Nations Resolution 242, that we would meet with them and discuss the future of the Palestinians in the Middle East. We have never called on the PLO to be part of the future negotiations. We have said that the Palestinian people should be represented in the future negotiations. That is one of the three major elements of any agreement that might lead to lasting peace--one is the territorial boundaries; the other one is the Arab countries accepting Israel, to live in peace as neighbors; and the third one is some resolution of the Palestinian question.

The authenticity and universal applicability of these guarantees were never questioned by a democratic power — until recently, and by America! Instead of honoring the historic restraints, our political leaders decided to violate them, using the excuse that we are at war against terrorism. It is obvious that the Geneva Conventions were designed specifically to protect prisoners of war, not prisoners of peace.