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  • Casual Articles - Positive Effects of Tax Cuts: Why Is The Left In Serious Denial?

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    , including an Investment Tax Credit for business, an easing of depreciation costs and an eventual lowering of corporate tax rates, from 52 to 48%.

    JFK'S Tax Cuts Fo

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    The final and best means of strengthening demand among consumers and business is to reduce the burden on private income and deterrents to private initiative, which are imposed by our present tax system... -John F. Kennedy Dec. 1962

    The Left does not seem capable of coming to grips with the benefits of tax cuts, including reducing the cost of capital to business. One former president, however, understood perfectly.

    The individual income tax cuts proposed by JFK took place, after his assassination. While JFK lived, however, and against the advice of many economic advisers, he enacted measures to lower the cost of capital, including an Investment Tax Credit for business, an easing of depreciation costs and an eventual lowering of corporate tax rates, from 52 to 48%.

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    itiative, which are imposed by our present tax system... -John F. Kennedy Dec. 1962

    The Left does not seem capable of coming to grips with the benefits of tax cuts, including reducing the cost of capital to business. One former president, however, understood perfectly.

    The individual income tax cuts proposed by JFK took place, after his assassination. While JFK lived, however, and against the advice of many economic advisers, he enacted measures to lower the cost of capital, including an Investment Tax Credit for business, an easing of depreciation costs and an eventual lowering of corporate tax rates, from 52 to 48%.

    JFK'S Tax Cuts Fo

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    he benefits of tax cuts, including reducing the cost of capital to business. One former president, however, understood perfectly.

    The individual income tax cuts proposed by JFK took place, after his assassination. While JFK lived, however, and against the advice of many economic advisers, he enacted measures to lower the cost of capital, including an Investment Tax Credit for business, an easing of depreciation costs and an eventual lowering of corporate tax rates, from 52 to 48%.

    JFK'S Tax Cuts Fo

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    sed by JFK took place, after his assassination. While JFK lived, however, and against the advice of many economic advisers, he enacted measures to lower the cost of capital, including an Investment Tax Credit for business, an easing of depreciation costs and an eventual lowering of corporate tax rates, from 52 to 48%.

    JFK'S Tax Cuts Fo

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    , including an Investment Tax Credit for business, an easing of depreciation costs and an eventual lowering of corporate tax rates, from 52 to 48%.

    JFK'S Tax Cuts For Individuals were, and "should be" as he said in a 1962 speech to the New York Economic Club, "across the board, top to bottom." In other words, no class warfare, even though the "reduction in payments" were far more advantageous to the rich under JFK, than those of President Bush.

    Between 1952 and 1959, prior to JFK'S cuts, government revenue increased 1.2 percent a year.

    From 1962 to 1969, after the cuts, government revenues increased 6.4 percent a year. The deficit fell from a high of $7.1 billion to $1.4 billion.

    In 1981, Ronald Reagan inherited one of the worst economies the country has ever seen; an economy that might have been on the verge of collapse.

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