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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@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
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.
@PaulDenton14 He cut.. its better than raising taxes, plus the tax rate was about 90% in the 60s.
@theseethingrainweeps
he cut the rates to 65% moron…
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…
@nicenonya3 I really think Bush 41 was the main guy on that one. Or at least that’s how it seems to me.
@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.
@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
@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
I would just love to see the faces of these stupid ass democrats of today when they see this video.
Simple Math.
this was before ronnie raygun shipped our economy offshore
@vederchi
He wouldn’t be a republican either boy!