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Old 08-11-2010, 05:23 PM  
TheDoc
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Quote:
Originally Posted by Robbie View Post
Here's another:

"Lower rates of taxation will stimulate economic activity and so raise the levels of personal and corporate income as to yield within a few years an increased ? not a reduced ? flow of revenues to the federal government."

? John F. Kennedy, Jan. 17, 1963, annual budget message to the Congress, fiscal year 1964

And another:
"Our tax system still siphons out of the private economy too large a share of personal and business purchasing power and reduces the incentive for risk, investment and effort ? thereby aborting our recoveries and stifling our national growth rate."

? John F. Kennedy, Jan. 24, 1963

JFK was a firm believer in govt. cutting taxes to allow growth in our economy.

You do realize taxes in the early 1960's - 1981 for the top brackets was 70-90% right? Our gov has reduced taxes by 50%.

To JFK our taxes have been reduced ... he wasn't correct.
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