No doubt a reduction in either individual or corporation taxes alone would be of great help - but corporations need customers and job seekers need jobs. No doubt tax reduction without reform would sound simpler and more attractive to many - but our growth is also hampered by a host of tax inequities and special preferences which have distorted the flow of investment. And, finally, there are no doubt some who would prefer to put off a tax cut in the hope that ultimately an end to the cold war would make possible an equivalent cut in expenditures - but that end is not in view and to wait for it would be costly and self-defeating.