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" "To help our hard-pressed cities, which quite often in the past have not gotten a fair share of governmental opportunity, we've supported--and Congress just passed yesterday--a major expansion of countercyclical revenue sharing, which means that the money goes to the areas that are most in need. We've also proposed a renewed community block grant program with changes that will stimulate private investment, in particular housing and other developments, and put more of the money into the cities again which need it most. We support extending the earned-income tax credit for working people and a general, personal tax credit, which together add up to $6.8 billion annually in individual tax relief, mostly for low- and middle-income families, including those families too poor to owe any income tax. And also, I will sign into law within the next few days--Congress has already passed--a permanent $4 billion tax cut through increases in the standard deductions. Eighty-eight percent of this tax relief will go to families with incomes of less than $15,000 a year, and 3.3 million low-income taxpayers who no;,' pay taxes will not have to pay any Federal income taxes at all.
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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We obviously didn't cause the problem; it's an inherited problem that's been built up for long years. I think in the past there's been too much of an emphasis on major Federal programs when billions of dollars have been spent on helping people that didn't need the help very badly. I'm from the Sun Belt States. I think there's been too much of a channeling of Federal moneys into Sun Belt areas. I think between the downtown ghetto areas on crime control, housing development, and so forth, the funds have quite often been channeled off into the suburbs because of more highly educated people, better organized people, more able to speak loudly and who understood the complexities of Federal programs. We're trying to change that and focus the attention of the Government, whatever it is, on the downtown, urban, deteriorating neighborhoods. Another thing that we're trying to do is to concentrate on the rehabilitation of homes. I've seen this happen in Baltimore. I've seen it happen in Savannah, Georgia, and other places around the country, where with a small effort on the part of a chamber of commerce or the local officials, the banks, working with the Federal Government--that instead of seeing a neighborhood deteriorate, that existing structures can be rebuilt or renovated to make very attractive homes near the core area for executive and professional work without abandoning the central cities and moving out into the suburbs. We're trying to do that, too, with our general HUD programs.