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Updated: May 8, 2025
The time to repair the roof is when the sun is shining by filling three basic gaps in our anti-recession protection. We need: First, Presidential stand-by authority, subject to Congressional veto, to adjust personal income tax rates downward within a specified range and time, to slow down an economic decline before it has dragged us all down;
In short, we need not and we shall not take any action to increase the dollar price of gold from $35 an ounce to impose exchange controls to reduce our anti-recession efforts to fall back on restrictive trade policies or to weaken our commitments around the world. This Administration will not distort the value of the dollar in any fashion. And this is a commitment.
In short, we need not and we shall not take any action to increase the dollar price of gold from $35 an ounce to impose exchange controls to reduce our anti-recession efforts to fall back on restrictive trade policies or to weaken our commitments around the world. This Administration will not distort the value of the dollar in any fashion. And this is a commitment.
The time to repair the roof is when the sun is shining by filling three basic gaps in our anti-recession protection. We need: First, Presidential stand-by authority, subject to Congressional veto, to adjust personal income tax rates downward within a specified range and time, to slow down an economic decline before it has dragged us all down;
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