Under the leadership of the Secretary of the Treasury, we are carefully reviewing all of the tax aspects, and I have this week enlisted the Advisory Commission on Intergovernmental Relations in addressing the intergovernmental relations aspects.

I have asked this bipartisan Commission to review our proposals for Federal action to cope with the gathering crisis of school finance and property taxes.  Later in the year, when both Commissions have completed their studies, I shall make my final recommendations for relieving the burden of property taxes and providing both fair and adequate financing for our children’s education.

These recommendations will be revolutionary.  But all these recommendations, however, will be rooted in one fundamental principle with which there can be no compromise:  Local school boards must have control over local schools.

As we look ahead over the coming decades, vast new growth and change are not only certainties, they will be the dominant reality of this world, and particularly of our life in America.

Surveying the certainty of rapid change, we can be like a fallen rider caught in the stirrups—­or we can sit high in the saddle, the masters of change, directing it on a course we choose.

The secret of mastering change in today’s world is to reach back to old and proven principles, and to adapt them with imagination and intelligence to the new realities of a new age.

That is what we have done in the proposals that I have laid before the Congress.  They are rooted in basic principles that are as enduring as human nature, as robust as the American experience; and they are responsive to new conditions.  Thus they represent a spirit of change that is truly renewal.

As we look back at those old principles, we find them as timely as they are timeless.

We believe in independence, and self-reliance, and the creative value of the competitive spirit.

We believe in full and equal opportunity for all Americans and in the protection of individual rights and liberties.

We believe in the family as the keystone of the community, and in the community as the keystone of the Nation.

We believe in compassion toward those in need.

We believe in a system of law, justice, and order as the basis of a genuinely free society.

We believe that a person should get what he works for—­and that those who can, should work for what they get.

We believe in the capacity of people to make their own decisions in their own lives, in their own communities—­and we believe in their right to make those decisions.

In applying these principles, we have done so with the full understanding that what we seek in the seventies, what our quest is, is not merely for more, but for better for a better quality of life for all Americans.

Thus, for example, we are giving a new measure of attention to cleaning up our air and water, making our surroundings more attractive.  We are providing broader support for the arts, helping stimulate a deeper appreciation of what they can contribute to the Nation’s activities and to our individual lives.