A journalist questions U.S. President Richard Nixon about his income tax returns during a press conference in Orlando, Florida. The journalist mentions the amount of income tax paid by the President in years 1970 and 1971. He asks the President about the accuracy of these figures as well as his opinion on disclosing of personal finance by an elected official. The President responds that he has disclosed his personal finance. He briefly discusses his income tax returns for the past recent years. He states that the former President Lyndon Baines Johnson had told him that under the 1969 law, the Presidential or the Vice Presidential papers given to the Governor could be taken as a deduction from the tax. The President states that he has submitted his Vice Presidential paper for this purpose. He talks about his papers and notes. He states that he did what he was told.
Signing of the National Cancer Act of 1971 in the East Room of the White House in Washington DC, United States. U.S. President Richard Nixon walks up to a microphone in the East Room. The President makes remarks. He speaks about the threat of cancer in the United States which killed many people during World War II and after that. He further speaks about the national commitment to the attempt of finding a cure through the National Cancer Act. President Nixon states that the Congress is totally committed to provide funds to ultimately eradicate cancer which is a major cause of death. He speaks that national commitment is different from government commitment because the national commitment involves all voluntary activities. A crowd applauds as President Nixon walks over to a table to sign the National Cancer Act.
Signing of the National Cancer Act of 1971 in the East Room of the White House in Washington DC, United States. President Nixon speaks to audience before signing the National Cancer Act. President Nixon hands out the pen with which he signed the bill. The Chairman of the National Cancer Society gives his remarks on the occasion and shakes hands with President Nixon. President Nixon asks the members of the House, Senators and others to stand for a group photograph. President Nixon say a few words as people line up for a picture. The President sits down to re-enact the signing of the bill. Attendees in the front row behind President Nixon. The crowd applauds as President Nixon leaves the East Room.
Signing of the National Cancer Act of 1971 in the East Room of the White House in Washington DC, United States. Members of the House, Senators and others sit while U.S. President Richard Nixon signs the bill. President Nixon says a few words as he signs the bill. The President shakes hands with the Chairman of National Cancer Society. President Nixon shakes hands with members of the House and the Senators.
President Richard Nixon gives a speech on the economy from the White House in the United States. Nixon addresses the nation on the need to create more jobs, stop the rise in the cost of living, control price inflation, relieve economic stagnation, and control speculation. He announces the Job Development Act of 1971. He talks of eliminating excise taxes on automobiles and speeding up availability of some exemptions in personal income taxes. He charges Congress to introduce incentives for research and development. He orders federal spending cuts including a postponement of pay raises, a 5 percent cut in government personnel, and a 10 percent cut in foreign economic aid. He notes need to open ways for the young people entering job markets. Nixon orders a freeze on all prices and all wages in the United States for 90 days, and he calls on corporations to extend the freeze to dividends. He announces a Cost of Living committee within the government. He calls for voluntary cooperation of all Americans to control price increases after the 90 day period ends. He talks of the need to protect the strength of the American dollar and prevent international money speculation. He announces that the dollar will be defended. He announces the suspension of the convertibility of the dollar to gold, except in certain circumstances. (Later this speech was called the Nixon Shock and also the speech closing the gold window.) He says he wants to "lay to rest the bugaboo of what is called devaluation." He states the goal is stability in the dollar. Regarding trade balances, he announces a temporary 10 percent tax increase on goods imported into the United States, valid until unfair exchange rates are eliminated. He reflects on success of post World War 2 relief measures offered by the U.S. to foreign countries, increased competition with those nations, and need for less U.S. relief to them. He asks the public of America to work together to crush unemployment and economic problems.
Debate on the 'Role of Congress in Foreign Policies' between John C Stennis and William J Fulbright in United States organized by American Enterprise Institute. John C Stennis, Chairman, Armed Service Committee speaks about Senators and their exercise of powers. He talks about the amendments made on June 30th 1971. He states that the people have welcomed these amendments, but that they have over committed themselves. Fulbright talks about their expectations from the United Nations for world peace. He hopes to recognize problems and find solution within their system. Instead of war there must be re amendments.