Income Tax Cut, JFK Hopes To Spur Economy 1962/8/13

John F. Kennedy speaks on his income tax cut that he wants to present to Congress in January next year (partial newsreel).

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News & Politics

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• John
• Kennedy
• JFK
• Income
• Tax
• Cut

[jtuttlemash]

How sad that JFK would probably not get the Democratic Nomination today and this tax policy would have him branded as a Right Wing radical by Move On, The Huffington Post and the Daily Kos.

[DirtyHippeh]

"It is a paradoxical truth, that tax rates are too high today, and tax revenues are too low, and the soundest way to raise the revenues in the long run is to cut the tax rates." - JFK

And this "paradoxical truth" JFK speaks of (which has been proven to be true time and time again, on both state and federal levels) is regularly denied and denounced by the modern Democratic Party. And why? Because it is a socialist party, that's why.

Democrats like John F. Kennedy are a thing of the past.

[zombiebraineaters]

If only the current administration would learn from history, and President Kennedy, instead of stubbornly repeating the same mistakes over and over, at our expense.

[joshatkins94]

@Ecosse57

jfk top tax rate after tax cut - 70%

clinton top tax rate after tax increase - 39.4%

obama top tax rate - 35%

[CHardi1099]

@Ecosse57 Be rational for once in your life.

[CHardi1099]

@Ecosse57 JFK was a democrat, and very respected by many people here and around the world. If your only argument is to reverberate something Obama once said, than you have more problems than most people I know.

I have a problem with this because you expect everyone else to drag this country to it's knees right along with you. Not everything is f'ed up. Religions didn't happen yesterday. Neither did war. Grow up!

[takerhbkfan]

I doubt democrats want to raises taxes all the way to 90%, they may wanna raised them from 36% to 39% which doesn't seem that unreasonable. Kennedy cut taxes from 90%(which at one point may have been necessary to end Great Depression through the New Deal and finance WWII) to 70%, I'm liberal and I believe this move help the economy, and truly allow rich to keep more money to invest and keep the economy working,but if you cut taxes too much they'll just gonna whore the extra money for themselves

[RavenMichaels]

"...in the absence of a economic crisis today..."

Listen for once. I know you want to get down to the comments as quickly as you can to push the "ZOMG TEH LIBEL DEMONCRATS SOCIALST COMMUNIST MARXIST HATEZ TEH AMERICU MUSLIM" nonsense, but can't you wait 2 minutes before moving on to your delusions?

[Ecosse57]

little known fact: jfk was a right wing tea bagging nut job, clinging to his guns and bible, while pushing old ladies off cliffs.

word is he had an irrational dislike for communism too.

[theoutremerlibrary]

Read 'They Dare To Speak Out' by Paul Findley ( exCongressman ) to also get some idea of why Israel Inc murdered him. Illegal

nuclear weapons acquisition and his interest free bonds off the Silver reserve meant he needed to be 'Let Go '...

[trueconservatie33]

@smo699 well he still is a center left politician, he did express doubts about new deals in his diaries. He proposed many big government programs, but it was defeated by old line republicans and southern democrats. One good thing he did was cut taxes

[trueconservatie33]

@PaulDenton14 well the tax rates were high then, but government didn't collect any revenues, because there were all kind of deductions and loopholes that didn't exist today. If 90 cents of every dollar went to the government, there wouldn't be a deficit and there would be no incentive to work, and Rockefeller wouldn't have any wealth left.