Speech #680142021

But the President was responsible for the tax reductions. which are a source of gratification to every American. first because tax bills are less. and second. because with declining taxes must come declining prices. It Is estimated that the total reduction per annum will vary but in three years will total $400.000.000 a year. Prosperity has by this tax measure been made more secure. It has been further augmented by the policy of the Republican administration toward immigration. Immediately after the war when a tide of foreign labor seeking easier living conditions began to enter our ports. In. spite of the fact that millions of our wage earners were facing unemployment. it became apparent that if that tide continued our workers would be unable to compete with them and both would seriously suffer.