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Updated: September 23, 2025
Because of this extraordinarily high level of profits, corporations can well afford to carry a larger share of the taxload at this time. During this period in which the high cost of living is bearing down on so many of our families, tax adjustments should be made to ease their burden. The low-income group particularly is being pressed very hard.
In response to the extreme heat conditions affecting many parts of the country during 1980, I directed the Community Services Administration to make available over $27 million to assist low-income individuals, especially the elderly, facing life threatening circumstances due to extreme heat.
Our price support legislation must be adapted to these objectives. The authority of the Commodity Credit Corporation to provide adequate storage space for crops should be restored. Our program for farm prosperity should also seek to expand the domestic market for agricultural products, particularly among low-income groups, and to increase and stabilize foreign markets.
The Rural Development Program to better the lot of low-income farm families deserves full Congressional support. The Great Plains Program must go forward vigorously. Advances on these and other fronts will pull down the pricedepressing surpluses and raise farm income.
We must do better by providing the resources to enforce present equal pay laws, training more women for high-paying, high-tech jobs, and passing the Paycheck Fairness Act. Two-thirds of new jobs are in the suburbs, far away from many low-income families.
To help States and local governments give better health care to the poor, I propose that we combine 16 existing Federal programs, including Medicaid, into a single $10 billion Federal grant. Funds would be divided among States under a new formula which provides a larger share of Federal money to those States that have a larger share of low-income families.
It should provide public housing for low-income families, and vigorous development of new techniques to lower the cost of building. Until we can overcome the present drastic housing shortage, we must extend and strengthen rent control. We have had, and shall continue to have, a special interest in the welfare of our veterans.
We should make that tax credit refundable for low-income families. For those making under $30,000 a year, that could mean up to $2,400 for child-care costs. We all say we're pro-work and pro-family. Passing this proposal would prove it. Tens of millions of Americans live from paycheck to paycheck. As hard as they work, they still don't have the opportunity to save.
Extension of the advantages of insured lending to private credit engaged in this task of rehabilitating obsolete neighborhoods; Insurance of long-term, mortgage loans, with small down payment for low-income families; and, until alternative programs prove more effective, Continuation of the public housing program adopted in the Housing Act of 1949.
Explore a variety of mechanisms to nurture the creative talent of our citizens and build audiences for their work; Support strong, active National Endowments for the Arts; Seek greater recognition for the rich cultural tradition of the nation's minorities; Provide grants for the arts in low-income neighborhoods.
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