00:00:07.740 - 00:00:54.750

Yeah. General Program of Housing One in 1 36 seventies matters. How do you do, Ladies and gentlemen, Following the president's message on the state of the unions of the Congress just the other day, Congress is now rapidly getting down to work. In addition to the general overall programs which we will attempt to adopt following pretty much the points pointed out by the president, I thought it would be of interest to you to see some of the legislative proposals which I, as your individual senator, hope to see adopted this year with respect to our domestic economy, the Labor Management Court.

00:00:55.540 - 00:01:13.880

We all know, of course, that the steel strike has now been settled. But I think the one conclusion from that steel strike was that there should be a better way to settle these long, protracted and bitter disputes which arise between labor and management. The steel track strike cost the nation well into the billions of dollars.

00:01:13.890 - 00:01:30.260

Of course, it upset our economy greatly and I don't think that in the future we can afford this type of strike again. When you and I have a dispute. When any corporations have a dispute, they go into court and have those disputes settled, and each party lives by the decision of the court.

00:01:30.740 - 00:01:49.560

It seems to me that we should set up a label court as civilized people and let these type of disputes which arise between labor and management, be settled by that court and then there, after all of us live by the decision of the court. The second proposal, which we see here, is tax equality for self employed.

00:01:50.140 - 00:02:17.060

For some years now, 45 million Americans have been able, under our present tax law to set aside certain monies tax free to be used by them when they retire in their old age. However, strangely enough, all Americans are not given that same privilege the self employed, the real estate man, the lawyer, the doctor, the barbarous, any man who runs a small shop under our laws today, he's not permitted to set aside any money for his old age.

00:02:17.640 - 00:02:36.350

This proposal, which I have, which is commonly referred to as this matters Keyhole Jenkins Bill. That bill would allow these self employed people to set aside up to $2500 a year tax free so that they might when they get to be 65 years old and older have that money on which they could live.

00:02:36.840 - 00:02:53.050

I hope that we can pass that law this year and thereby eliminate this inequity, which now exists in our tax laws. Number three is a bill for improving Social Security. What I mean by that and there are a lot of areas in which we could improve the Social Security law.

00:02:53.050 - 00:03:17.090

But the specific one, which I have in mind, is to make it possible for elderly people today who now draw Social Security benefits to be able to work part time in addition there, too, and make over $1200 a year. The law now provided if they work and make up to $1200 a year or over $1200 a year there are no longer eligible for their Social Security payments.

00:03:17.100 - 00:03:41.910

I think we should raise this limitation at least $1800 because it's evident that people today cannot live on Social Security loan indecently nor adequately. Now we have scholarships financed by payment of the United States war claims you will remember. That's the bill I've pursued for many, many years and it comes about because at the beginning of World War number two, we see certain German and Japanese assets.

00:03:42.240 - 00:03:54.540

At the end of World War Two, we agreed with those countries that defeated countries. We would not ask reparations from them, but in turn we would keep the assets which they had we had seized from them, just as they kept the ones they seized from us.

00:03:55.040 - 00:04:11.930

Now what's happened is that certain German interests have put bills into the Congress, You might say which they're asking this money be returned to them. I don't think it should be returned to them as a matter of equity. Certainly not as a matter of law, I think we can better use that money to provide scholarships for our intelligent young people.

00:04:11.930 - 00:04:33.450

In order to bridge this technological gap, which has now grown between the Soviet Union and the United States, we need to educate our People Health benefit program for civil service retirees. That would be a program bringing about certain compulsory health insurance, which would make it possible for these retired people to better pay and better meet their medical expenses.

00:04:33.930 - 00:04:50.250

I've got to hurry along here. The extension of the sugar acting foreign affairs. I cannot believe that we must continue to give preferential treatment to those countries that abuse us and evidence they do not want to do business with us and don't even like us. And for that reason, I think that we should change these other items which you run.

00:04:50.250 - 00:05:05.900

Dudley Look, that have to do with the better development of Latin American affairs. I leave very shortly on a Latin American trip, which I hope will help us accomplish all of these things by bringing about a better trade relationships and overall better relationships with our Latin American neighbors.

00:05:05.910 - 00:05:10.360

My time is up. Thank you for looking in. I hope you're looking again at the same time next week.