JFK speech on tax cuts

1. JFK was sort of a mixed bag. He advocated for tax cuts (conservative), however, he advocated for universal healthcare and a welfare state (liberal). If we're gonna cut taxes, then we need to prevent spending from increasing. That's the sort of mentality why we have such a high debt. I remember in the Clinton years I was making 30k but 8 k went to income taxes alone, Once all was said and done, 30% of my paycheck was gone. Taxes are pretty low today and people are STILL demanding more stuff from our gov't it's crazy.
2. GOP has overseen massive deficits from Reagan onward--- on the supply side of course. DP has overseen austerity under Clinton and Obama. JFK understood what's possible with demand-side deficits and what was possible for America.
3. ...today democrats are NO longer American, they are now democommies!!
4. This isn't about Right or Left... this is intelligence on display. Top marginal rate was 91% at that time in history. The rates had been extremely high to pay for WW2 and get people back to work and build up the country's infrastructure. After having accomplished this, we needed to cut taxes to boost growth in the private sector (and avoid wars to keep spending low). The oil crisis in the 70s was killer for the economy. But so was the lingering overreaction of Reagan economics with overspending and undercollecting... which caused a huge amount of suffering and unemployment, but the rich made huge gains, businesses started hiring and that was good, but then taxes needed to come up again to a median range.
   
   Too low or too high on taxes is dumb policy. JFK knew this too. If you are fighting against business or against government, you are wrong because the solution is both! If you are fighting for low tax or high tax, you are wrong because the solution is top rates in middle range between 40-60%. Because we have been wrong about this for so long, the public sector is where we are starving today and the biggest boost to jobs will be from increasing tax collection on corporations and the wealthiest incomes earning over a half million dollars annually. Education, infrastructure, immigration, opportunity, growing the middle class, healthcare... as a country we are starving ourselves by ignoring what made us great.
5. JFK was the Last of the true Democrats. Fact! Everyone who came after was a Communist.
6. Certain people might talk about Businesses being corrupt, but it's our Government that's the most corrupt, unlike Businesses, there's no escaping Government Corruption
7. Only if our Congress & President Obama would follow this advice today.
8. Democrats and republicans are just gangs !!!!! You must think about freedom or enslavement !!
9. Kennedy was liberal??   Hah!
10. Likely so 
11. Keep calm, prole on. Gotta get more o that money for yer wars, neccessary wars for safetyness! And surveillance and secrecy for safetyness! And you have to pay for more policing if you want to prohibit all those scary scary scary scary guns! For safetyness! Kennedy would totally be on board! 
12. ...Clear evidence you don't know the definitions of words.
13. You, sir, are a moron.
14. Ronald Reagan has risen taxes 11 times in his administration. Bill Clinton had the intelligence to have the wealthy pay a 39% tax rate as the middle class was paying 36% tax rate and we were in a surplus. When George W. Bush took office, and many people seem to not really pay attention was that the first thing he did was implemented tax cuts, and had two wars going on the same time, not to mention the housing market becoming fickle, all caused this recession. Let's be at least honest about it.
15. Indeed, reduce taxes and all those lovely businessmen make millions of great jobs for us, and we get more revenue in smaller amounts, and the world fills with rainbows... except, that has never worked in this country, ever, and the global economy we now live in, with cheap transport costs, mean that even if we institute a 1% flat tax on everything, US business will still use Chinese labor, and also keep their money overseas to save that 1%, because their greed overpowers ethics and logic.
16. So to conclude my rebuttal of your idiotic comment; no, he'd be fine with a tax cut today so long as we raise taxes and cut spending during the economic expansion in order to reduce the deficit incurred during the recession. (Spending always goes up during recessions). The tax hike could be moderate, and the GOP today is fine with moderate tax hikes so long as the economy itself is actually expanding and not sluggishly recovering. 
17. It's not about the rates my friend, its about basic tax theory. When a recession hits, current tax rates are rendered ineffective and useless because tax revenue is relative to economic growth. To help increase revenues, one must increase the tax base or economy; John Maynard Keynes even argued that lower taxes could increase revenues. However the cut must be a significant cut, and revenue increase will only occur during times of recessions. After the economic recession, taxes can go back up. 
18. lol oh dear... I see the GOP starting to throw this speech around as a justification for reducing modern day taxes and saying the modern democrats are crazy etc., so lets do what the GOP hate... throw in some facts: 1962 tax rates: Ordinary Income: 91% Earned Income: 91% Cap. Gains: 25% Corp. Income: 52% 2012 tax rates: Ordinary Income: 35% Earned Income: 37.9% Cap. Gains: 15% Corp. Income: 35% If Kennedy were around today, he would be shocked how low taxes are, and tell us to INCREASE them.
19. Ahhh, everyone with common sense knows increasing taxes hurts the economy, even Kennedy got it. Even Obama. Except Obama has an agenda, and it does not include improving the economy. Obviously.
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