Obama vs. JFK on taxes

One of the hot-button political issues right now is the 2001/2003 tax cuts and the impact of letting them expire at the end of the year. Democrats have raised questions about the wisdom of sticking with the "economic policies of the past." And it's true - tax cuts are an economic policy from the past, but not in the way you might think. It turns out there's actually a debate between Democratic presidents about just what these tax cuts mean for the economy...and in less than two minutes, this video highlights that debate.

Category:

News & Politics

Tags:

• tax cuts
• Bush tax cuts
• Obama
• Kennedy
• JFK
• economy
• jobs
• politics
• policy

[jmccuddin]

What isn't mentioned is JFK reduced the tax rate from 78% to 72% he would not have reduced it to 35% that is just insane!!!

[coololds85]

When you combine these two presidents together, which are President Kennedy and President Obama. Your not gonna get the same exact expectations from Obama as you did from Kennedy. President Kennedy was a well educated man and didn't take no crap off the Repulican party. He wasn't afraid to fight back what he thought was Right. He also kept his word and made it happen. Kennedy did it his way he got the job done, and created more jobs than we ever have today. JFK nipped it in the bud big time.

[PatriotNotGovernment]

@jmccuddin the US has some of the highest taxes in the world STILL

[rgarcia77]

"Facts to a liberal is like kryptonite to Superman."..L.Elder

[Euphobiatic]

What Kennedy was really talking about: " In his 1963 State of the Union, he proposed substantial tax reform and reduction, in income tax rates, from the current range of 20–90% to a range of 14–65%; he proposed a reduction in the corporate tax rates from 52 to 47%" - but hey, don't let the facts get in the way of your ideology.

[wtong89]

@wolfengheist

Presidents dont create jobs, they only take the credit and blame for stuff happening. Its part of the job.

[trueconservatie33]

@wolfengheist absolutely my man it drives me insane when liberals say that clinton raise taxes and economy boomed, well yeah the economy was already recovering when he took office. Not to mention the biggest reason for the economic recovery was the defeat of hillary care. Also there was huge defense cuts and welfare reform, which is unlikely happen today. He simply borrowed money from social security surplus to create a false illusion of "surplus"

[wolfengheist]

I luv this. Bill Clinton's job creation was the result of a tech bubble that burst at the end of his administration. Along with a Republican congress that watched the spending. Yes taxes were up but the "rich" had tax shelters and loopholes to get out of paying the full bill. I wish you guys on the left will tell the FULL story and not the simplistic "Bill Clinton created 22 million jobs" version of the story.

[ilovenaltsvideos]

The problem with the government is that they produce nothing. They take our money, and then it's gone. When businesses are able to keep more of their money, they use it productively. (Job creation) the only reason why "13.9 million jobs were created" was because the population grew by leaps and bounds. Liberal ideology is so twisted.

[GeneralMcCudden]

@therrydicule My point is very simple, I just told you public goods are important - but they do not generate the wealth and growth in our economy. If you can't understand that, then you should consider picking up Economics for Dummies. Before half of the public goods you mentioned even existed, the American Economy was still a great and powerful one. The public goods definitely helped, but i wasn't and never will be the source of wealth generation and growth in our economy. Period.

[therrydicule]

@GeneralMcCudden Than, how do you go to work? Do you go on public road in any ways? And how many person take public transport without paying the fare? And do you drink tap water? And do you talk to police officer once in a while because of some problem? And do you take a break in a public park?

I think it is a significant part of our society. The question is not if it is important, but how do we valuate it. However, public good seem to have more value when you lose it.