Electrical Blog

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).

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Posted in Taxes · December 27th, 2009 · Comments (25)

25 Responses to “Income Tax Cut, JFK Hopes To Spur Economy 1962/8/13”

  1. CSpanAddict1982 Says:

    Which the Kennedy Administration considered a Secondary priority of those tax cuts. The main priority was to provide money for middle class workers.

  2. Americaisgreat123 Says:

    You have to be pretty radical to think Obama is a centrist. He will be as far left as he can possibly go. Clinton was a centrist in the aspect that he had no backbone so that if the tide of popular opinion turned towards conservatism, okay, he’ll balance the budget, pass welfare reform, lower the capital gains tax and support free trade.

    Barry Goldwater is like the founder of libertarian republicanism. He went a little crazy towards the end, but was far, far more conservative than today’s Reps.

  3. Americaisgreat123 Says:

    He lowered tax cuts on the rich. From 90% to 70%. I repeat myself, argue the numbers. I’m trowing your childish class warfare rhetoric in our face and you want to just avoid it.

    How can the government provide money for middle class workers? The government only has money it takes from the people. Gah, I hate political rhetoric. It is so damn useless in reality.

  4. CSpanAddict1982 Says:

    You are absolutely insane. You have no context of history or fact. 1.) A Democratic Congress in the 1990s as they did in 2006, instituted PAYGO which has been attributed to balancing the budget under the Clinton years. President H.W. Bush worked with the Dems on this.

    2.) Clinton had a backbone as is evident with the 1995 Government shut down, when a Republican Congress felt Clinton would cave in on eliminating the Earned Income Tax Credit.

  5. Americaisgreat123 Says:

    You keep insulting me saying that I don’t understand history but you have yet to take something I’ve said and prove it wrong. If you like history, I have some video’s where I rate the best and worst President of U.S. history. You might enjoy it. Feel free to comment on what you disagree on. I am sure there will be a few picks that rile you up.

  6. CSpanAddict1982 Says:

    You seem to say that Clinton went with the mood of the nation, which is what we’ve expected from our elected officials. So, you’ve demonstrated yourself as being a hard line right winger (as if your web name didn’t give it away to begin with.)

    As for Goldwater, where are you getting your information!?! Goldwater was a libertarian and in the 1980s under Reagan found that the Republican Party was becoming too radical.

  7. CSpanAddict1982 Says:

    I have proved your comments wrong, just because you don’t wish to see it doesn’t mean I haven’t.

  8. Americaisgreat123 Says:

    Where did you prove me wrong? Where did you disprove the notion that Kennedy cut taxes on those EVIL, GREEDY, RICH PEOPLE!

    You called me a “hard line right winger”. I guess. I’m definitely not a neo-con. I prefer to not be labeled but if I had to, I’d say Conservative Libertarian would be most fitting.

    Goldwater voted against the Kennedy tax cuts because he felt we should not cut taxes before we pay for them (even if they eventually pay for themselves). He was a different kind of conservative.

  9. aSingleDallasGuy Says:

    To call Obama a centrist is laughable! Clinton moved to the center only after it was obvious that’s where he’d get the most votes. I also highly doubt he cut the federal budget by 50%. That doesn’t wash. Maybe one thing at one time was cut 50% but the entire federal budget was cut 50%, I can promise you that is untrue without even needing to look it up. This video demonstrates how far democrats have gone left. To deny that is funny. Now dems think higher taxes will boost an economy!

  10. BamaChris Says:

    A Democrat proposing a tax cut is a welcome, but ancient and extinct practice.

  11. fenderboy88 Says:

    Democrats do believe in tax cuts,just not for people earning 10 million a year

  12. BamaChris Says:

    Democrats do not believe in tax cuts. Taking money from those who earn it and giving it to those who do not even pay taxes is not a tax cut.

  13. fenderboy88 Says:

    You seem to imply that teachers,mechanics,carpenters etc dont deserve a tax cut,why not?

  14. fenderboy88 Says:

    I dont believe democrats believe in giving tax cuts to people on welfare as you suggest,there are people doing it hard at the moment,its mostly people who earn less than 250000 that wont have taxes raised but it will be interesting to see if Obama keeps that promise

  15. BamaChris Says:

    He won’t. He can’t, especially if he gets all of the programs that he wants. Remember that Clinton did the same thing: promised a middle class tax ut, and then, not only did he not cut middle class taxes,but he raised them substantially.

  16. BamaChris Says:

    Tax cuts should be for people who pay taxes. Other than that, it is simply legalized robbery.

  17. fenderboy88 Says:

    Are you saying that ‘average middle class and working class people are all bludgers and dont work,you seem to imply that its there fault,i agree that people who dont pay taxes shouldnt deserve tax cuts but ”middle class people whjo actually work deserve a break

  18. BamaChris Says:

    No, I am not saying that at all. All taxpayers need and deserve tax cuts.

  19. LetonBrain Says:

    When combined tax contributions exceed 51%, we can rightfully consider ourselves enslaved by Government.

    This is NOT the way the system was designed. Its death by 1000 paper cuts: Each time Liberty is lost, we suck it up and move on.

  20. asicit2b Says:

    With King George they rebelled at 14 % total taxation or something like that.

  21. rkoliver1 Says:

    It’s Bush’s fault Kennedy said that!

  22. game3525 Says:

    Some of you guys are morons, the tax cuts JFK proposed were demend-side, which is Keynesian, it is differant from the Supply-side tax cuts of Bush II and Ronald Reagan.

  23. uturniaphobic Says:

    @game3525

    kudos! I’d say the tax cut offered here proves that democrats have changed their spots in the last 40 years or so. this proposal by JFK smells like small government to me

  24. game3525 Says:

    Not really, government still grew under Kennedy. By the time of his death, he still had a large list of social programs to initiate. JFK wasn’t the full blown liberal like brother Ted, but he was by no means a small government adovcate conservatives like to think.

  25. uturniaphobic Says:

    yeah he had plans for sure but this particular cut seems out of step…that’s all.. makes me wonder

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