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[Weekly Compilation of Presidential Documents]

[Page i-ii]
Monday, March 26, 2001
Volume 37--Number 12
Pages 463-508

[[Page i]]

Weekly Compilation of



[[Page ii]]



 Addresses and Remarks

    See also Meetings With Foreign Leaders
    Catholic leaders--482
         American College of Cardiology convention in Orlando--478
         SENIORS FIRST luncheon in Orlando--482
    Maine, Chamber of Commerce in Portland--495
    National Energy Policy Development Group, meeting--469
    National Newspaper Association Government Affairs Conference--483
    Pope John Paul II Cultural Center, dedication--490
    Radio address--463
    U.S. Hispanic Chamber of Commerce--466
    Virginia, Central Intelligence Agency employees in Langley--476
    Women business leaders--470

 Bill Signings

    Federal ergonomics regulations, statement on legislation to repeal--

Interviews With the News Media

     Exchanges with reporters
         Cabinet Room--469
         Capitol Hill--489
         Langley, VA--478

Interviews With the News Media--Continued

         Oval Office--463, 474, 491
         Portland, ME--493

Joint Statements

    Japan, Prime Minister Mori--464

Letters and Messages

    Disaster assistance to Maine, letter to Gov. Angus S. King, Jr.--478

Meetings With Foreign Leaders

    China, Vice Premier Qian--491
    Israel, Prime Minister Sharon--474
    Japan, Prime Minister Mori--463


    Education and Sharing Day, U.S.A.--493

Statements by the President

    See also Bill Signings
    Faith-Based Initiative, statement on legislation to implement--483

Supplementary Materials

     Acts approved by the President--508
     Checklist of White House press releases--507
     Digest of other White House announcements--501
     Nominations submitted to the Senate--503

  Editor's Note: The Weekly Compilation of Presidential Documents is 
also available on the Internet on the GPO Access service at http://


Published every Monday by the Office of the Federal Register, National 
Archives and Records Administration, Washington, DC 20408, the Weekly 
Compilation of Presidential Documents contains statements, messages, and
other Presidential materials released by the White House during the 
preceding week.

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[[Page 463]]

[Weekly Compilation of Presidential Documents]

[Page 463]
Monday, March 26, 2001
Volume 37--Number 12
Pages 463-508
Week Ending Friday, March 23, 2001
The President's Radio Address

March 17, 2001

     Good morning. For several months, economic indicators have pointed 
toward a slowdown, and now many Americans are beginning to feel its 
impact in your lives. The stock market is causing worries; high energy 
prices are straining family budgets; and some American workers and 
small-business people have been directly affected by layoffs and slowing 
retail sales. We have been hearing too much troubling economic news. It 
is time for the United States Congress to give Americans some good 
economic news: tax relief for everyone who pays income taxes.
     This would be good news for families struggling to pay off debt and 
to save for the future. It would be good news for small businesses that 
need customers with money to spend. And it would be good news for our 
broader economy; good news for economic growth and job creation and 
consumer confidence.
     The House of Representatives has already passed a large part of my 
tax relief plan. Now it is up to the Senate. It is only common sense to 
give our economy a boost in a slowdown. Yet tax relief is more than 
common sense; it is a matter of principle. My tax relief plan is also a 
tax reform plan. It corrects some of the worst, most unfair abuses in 
our current tax system. And I would be recommending these changes in any 
economic circumstance.
     On principle, our Tax Code should reward hard work and overtime by 
men and women struggling to enter the middle class. Right now they face 
some of the highest marginal rates in the Tax Code. So we lower those 
rates to encourage their dreams.
     On principle, our Tax Code should honor family. That's why we 
double the per-child tax credit and reduce the marriage penalty.
     On principle, no one in America should have to pay more than a 
third of their paycheck to the Federal Government. So we reduce tax 
rates for everyone in every bracket.
     On principle, every family, every farmer, and small-business person 
should be free to pass on their life's work to those they love. So we 
abolish the death tax.
     These are not Republican principles or Democratic principles; these 
are principles that are shared by Americans in both parties, and 
Americans in no party. This is the reason my tax relief plan has so much 
momentum. Americans want our Tax Code to be reasonable and simple and 
fair. These are goals that unite our country, and these are goals that 
have shaped my plan.
     The Senate should act quickly on my plan for two good reasons: 
First, tax relief is good news for our economy, which needs some good 
news. Second, my tax reform plan will treat everyone fairly.
     If you agree with me, I hope you'll tell your Senator that you 
agree. Together we can help make our Nation more prosperous and our tax 
system more fair.
     Thank you for listening.

Note: The address was recorded at 1:06 p.m. on March 16 in the Oval 
Office at the White House for broadcast at 10:06 a.m. on March 17. The 
transcript was made available by the Office of the Press Secretary on 
March 16 but was embargoed for release until the broadcast.

[Weekly Compilation of Presidential Documents]

[Page 463-464]
Monday, March 26, 2001
Volume 37--Number 12
Pages 463-508
Week Ending Friday, March 23, 2001
Remarks Prior to Discussions With Prime Minister Yoshiro Mori of Japan 
and an Exchange With Reporters

March 19, 2001

    President Bush. It's my honor to welcome the Prime Minister of our 
close friend to the Oval Office. Mr. Prime Minister, welcome. This 
meeting is an important meeting because it gives us both a chance to 
confirm the importance of our relationship. We view Japan as a very 
strong friend and ally, and

[[Page 464]]

that's the way it's going to be during my administration.
    And we've got such a good friendship and such a strong alliance that 
we're able to overcome occasional problems that might arise. We can do 
so in the spirit of friendship. So I'm honored that the Prime Minister 
is here. We're going to have a--we'll discuss a lot of issues: we'll 
discuss our economies; we'll discuss trade; we'll discuss our alliance 
and how best to work together to keep the peace. I'm looking forward to 
a very fruitful and important discussion.
    Mr. Prime Minister.
    Prime Minister Mori. I have spoken to President Bush over the phone 
three times, but I am delighted today that I am able to have a face-to-
face meeting with the President. In today's meeting, as the President 
just said, I would like to reaffirm the strong alliance between Japan 
and the United States and would like to discuss a very--a broad range of 
issues, including various issues in international affairs, and would 
like to set out the fundamental direction in which the Japan-U.S. 
alliance should head in the 21st century.
    I would like to explain the various measures which our Government 
has taken so that the Japanese economy will have a fully sustainable 
economic growth. And I'd like to express my strong determination to 
pursue necessary policies for that. I'd also like to express to the 
President my hope that United States will take appropriate macroeconomic 
policies to deal with the U.S. economy that is slowing down.

Bank of Japan's Zero-Interest-Rate Policy

[At this point, a question was asked in Japanese, and no translation was 

    Prime Minister Mori. I, of course, will be explaining to the 
President the decision made by the Bank of Japan yesterday, and I 
sincerely hope that it will have--and I am certain that it will have a 
positive effect on our economy.

National Economy

    Q. Mr. President, with both the Japanese and the American economies 
in such fragile states, could you explain how you see the 
interrelationship between the economies and what you'd like to see the 
Japanese Government do to address its problems and particularly in the 
financial sector?
    President Bush. First, we've got to get our own economy growing the 
way I know it can. That's why I'm advocating tax relief and free trade 
regulatory relief. And I look forward to explaining to the Prime 
Minister that we do have a plan to give our economy a second wind. I'm 
very confident about our economy. I know it can beat expectations. I 
will explain that to him, as clearly as I can, about when our policies 
are in place, how optimistic I am about economic growth.
    And secondly, I look forward to hearing Japan's view of reform, 
internal reform. I'm confident that's going to be a large part of our 
discussions today.
    The interrelationship between our two economies is important. When 
you combine our economies, we represent about 40 percent of the gross 
domestic products of all the nations added up. And that's a very 
important--and therefore, our economies are very important to the world. 
And the stronger we are, the more likely it is there will be prosperity 
in other parts of the world. And so this is going to be a very important 
part of our discussion.

Note: The President spoke at 10:55 a.m. in the Oval Office at the White 
House. Prime Minister Mori spoke in Japanese, and his remarks were 
translated by an interpreter. A tape was not available for verification 
of the content of these remarks.

[Weekly Compilation of Presidential Documents]

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