#ReleaseTheMemo

#ReleaseTheMemo
212-224-3121

Sunday, November 27, 2011

JOHN F. KENNEDY ON WHY U.S. (STILL) NEEDS TAX CUTS

Forty-nine years ago, with the economy still recovering from a 10-month recession that ended in 1961, President Kennedy sketched out a bold plan to get the economy moving again. It focused on deep, across-the-board cuts in taxes. Those cuts, made after Kennedy's tragic death in November 1963, created a boom that lasted through the 1960s and into the 1970s. Contrast his tax-cutting rhetoric of nearly 50 years ago with today's tax-hiking rhetoric of President Obama and his Democratic colleagues. Following is an abridged version of Kennedy's remarks to the Economic Club of New York on Dec. 15, 1962.
READ MORE

No comments: