In the first place, I have not decided on any specifics of a tax reform package at all. I've certainly not decided on eliminating credits for interes… - Jimmy Carter

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In the first place, I have not decided on any specifics of a tax reform package at all. I've certainly not decided on eliminating credits for interest paid on homes or property taxes paid for homes. During the political campaign, I promised that there would not be a reduction in the stimulus for American families to own their own homes, and if there should be any change it would be compatible with that commitment of mine. Now, I have some doubt about whether this same level of interest rate deduction should be applicable to a $500,000 home or a second or third or fourth home for very wealthy families, as contrasted with the average American working family who's trying to pay for one home in which they live. Also, you have to remember that if the credit is on a percentage basis, then a family that has a $15,000 income, if given a certain amount of credit for interest, only gets, say, 20 percent of that interest payment credited on their tax. But if you're in the 70-percent bracket, you get 70 percent of any interest that you pay on your home. So, equalizing those homeownership credit incentives is part of the package. But it will not hurt the average family in trying to purchase or pay for their own dwelling place.

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About Jimmy Carter

James Earl Carter, Jr. (October 1, 1924 – December 29, 2024) was an American politician and member of the Democratic Party who served as the 39th president of the United States from 1977 to 1981. In 1982 he established the Carter Center, as a base for promoting human rights, democracy, finding peaceful solutions to international conflicts, and advancing economic and social development, for which he was awarded the Nobel Peace Prize in 2002. He was a key figure in the Habitat for Humanity project, and has been noted for his criticism of Israel's role in the Israeli–Palestinian conflict.

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Also Known As

Birth Name: James Earl Carter Jr.
Alternative Names: James E. Carter James Carter James Earl Carter 39th President of the United States James E. Carter Jr. James Earl Carter, Jr. James E. Carter, Jr.

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I made the decision myself to contact the Soviets. We told them that we were aware of the problem, asked them for any information about the satellite, and told them unofficially that we would not try to capitalize on their misfortune in a propaganda way. We wanted to be sure that the adequate preparation was made for the reentry of the satellite into the atmosphere, and we notified some of our key allies around the world who would have the capability both to monitor the progress of the satellite and also to deal with radioactivity once it fell. I had a difficult decision to make in how much publicity to bring to this satellite, because it's almost impossible to let people know the facts without the threat being exaggerated, and we didn't want to create exaggerated fears. We monitored the satellite constantly. We shared with the Soviets estimates of when it would come down. the exact point of its penetration of the atmosphere was not known until just an hour or two before it crashed, because it was tumbling. And when a satellite of that kind enters the atmosphere, it can skip off and go several thousands of miles further than you have actually anticipated. We knew that it would fall somewhere between just north of Hawaii, northeast of Hawaii, or the eastern side of Africa. And it was making a great circle route up above the point where it finally fell. That was just about the northern point. The Soviets did tell us, in general, what kind of reactor it was. They told us that their best estimate was it would burn as it entered the atmosphere. So, I can't—without going back and checking the exact language of their report to us—I can't say whether they gave us all the facts. But I think it was handled properly; certainly, by us. I don't know who else the Soviets notified. When I found that it was going to hit Canada, early that morning—I come over here quite early in the morning—I called the Prime Minister of Canada and talked to him on the phone. And we were pretty lucky in telling him where it was going into the atmosphere. We had it on radar. But in retrospect, it may be that the Soviets could have given us more information. I think they probably gave us about what we would have given them in a similar circumstance.

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A great deal of thought has gone into the design of this hospital to try to predict what the future might bold in energy conservation, health care, and in the use of brief periods of stay within a hospital environment for those who are quite ill. Another new or innovative change that has been made in the design is that there is a special place in every instance for the parent of a child to stay here with that child while the severe illness has not been corrected. So, adjacent to each child's bed there is a place for the parent to stay. This hospital, I believe, is associated with George Washington University and its medical center. And it's close enough so that Federal officials, as well, can both teach, try new ideas, and learn. We, I think, can receive rich benefits from this center. And I believe that we can set a standard for the whole country.

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