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).

Category:

News & Politics

Tags:

• 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.

[PaulDenton14]

@gold95

Yeah, it was 92% during Eisenhower...but a cut to 65% with a GDP around a 1/3 lower is not the kind of tax cut people support now. Our current system has around 34% on top earners with a bazillion misused credits and deductions, along with myriad loopholes and sneaky accounting tactics, turning it into a regressive system. We need revenue increases right now, but we could do it without increasing rates if business didn't run our government at the moment.

[gold95]

@PaulDenton14 He cut.. its better than raising taxes, plus the tax rate was about 90% in the 60s.

[PaulDenton14]

@theseethingrainweeps

he cut the rates to 65% moron...

[smo699]

I'm a conservative and have been a fan of Kennedy because his policies were the next best thing to Jefferson. In his debates, he said he didn't believe in Big Government, he believed in Effective Government. He began to distrust big bureaucracies like the CIA, FBI, etc., and even changed his stance towards the USSR in later years, hoping to man the first landing on the Moon with an American and Russian. What could have been...

[mocatz187]

@nicenonya3 I really think Bush 41 was the main guy on that one. Or at least that's how it seems to me.

[mocatz187]

@drichardhalifax Actually,  Osama and Zahrahiri said that's how they would do it. Shortly after 911 I saw a video on the news that translated into exactly that.

[mocatz187]

@nicenonya3 You forgot about good ole Tip O'Neil (D) the man who controlled our spending and boy could he and his democrat congress and senate spend. As a democrat you should want jobs shipped overseas. That's simply a means to an end that freedom hating assholes like you want. After all a broken nation is easier to overthrow nation. A nation that you want to overthrow if for no other reason because you hate private proprty rights and the constitution. Isn't that right you little communist fuck

[mocatz187]

I would just love to see the faces of these stupid ass democrats of today when they see this video.

[underbird]

Simple Math.

[nicenonya3]

this was before ronnie raygun shipped our economy offshore

[Salvysahagun]

@vederchi

He wouldn't be a republican either boy!

[vederchi]

He would not be a Democrat if he were alive today.

[PatriotInChief]

People think of President Kennedy as a Democratic or Liberal icon when he is a lot like Fmr Governor Palin in terms of ideology