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Updated: June 1, 2025
To achieve this reduction within the limits of a manageable budgetary deficit, I urge: first, that these cuts be phased over 3 calendar years, beginning in 1963 with a cut of some $6 billion at annual rates; second, that these reductions be coupled with selected structural changes, beginning in 1964, which will broaden the tax base, end unfair or unnecessary preferences, remove or lighten certain hardships, and in the net offset some $3.5 billion of the revenue loss; and third, that budgetary receipts at the outset be increased by $1.5 billion a year, without any change in tax liabilities, by gradually shifting the tax payments of large corporations to a more current time schedule.
But we should not be asking: "In what country were you born?" For our ultimate goal is a world without war, a world made safe for diversity, in which all men, goods, and ideas can freely move across every border and every boundary. We must advance toward this goal in 1964 in at least 10 different ways, not as partisans, but as patriots.
The Bahá’í community that set out on the Four Year Plan in 1996 was a very different one from the eager, but new and still inexperienced body of believers who, in 1964, had ventured out on the first of such undertakings that were no longer sustained by the guiding hand of Shoghi Effendi.
This tax increase would yield about half of the $23 billion per year that we returned to the people in the tax reduction bills of 1964 and 1965. This must be a temporary measure, which expires in less than 2 years. Congress can repeal it sooner if the need has passed. But Congress can never repeal inflation.
In submitting a tax program which will, of course, temporarily increase the deficit but can ultimately end it and in recognition of the need to control expenditures I will shortly submit a fiscal 1964 administrative budget which, while allowing for needed rises in defense, space, and fixed interest charges, holds total expenditures for all other purposes below this year's level.
We have in 1964 a unique opportunity and obligation to prove the success of our system; to disprove those cynics and critics at home and abroad who question our purpose and our competence.
I was informed this afternoon by the distinguished Secretary of the Treasury that his preliminary estimates indicate that our balance of payments deficit has been reduced from $2.8 billion in 1964 to $1.3 billion, or less, in 1965. This achievement has been made possible by the patriotic voluntary cooperation of businessmen and bankers working with your Government.
On December 10 we stopped the ship and secured her to a heavy floe from which we took in sufficient ice to make eight tons of fresh water, and whilst doing this Rennick sounded and obtained bottom in 1964 fathoms, fora-minifera and decomposed skeleton unicellular organs, also two pieces of black basic lava. Lillie and Nelson took plankton and water bottle samples to about 280 fathoms.
Malcolm gained his reputation "hustling" on the streets of Boston and New York and also from teaching himself while serving a sentence in prison. In 1964 Malcolm X was forced to break with Elijah Muhammed. Apparently, Elijah Muhammed had become threatened by Malcolm's charismatic appeal, and he feared he might lose his leadership in the movement.
In the budget for fiscal 1970, I shall recommend a total of $3.5 billion for our job training program, and that is five times as much as we spent in 1964 trying to prepare Americans where they can work to earn their own living. The Nation's commitment in the field of civil rights began with the Declaration of Independence. They were extended by the 13th, 14th, and 15th amendments.
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