This Rich Guy wants to cut taxes (Kennedy, economy, money)

[rikoshaprl]

Income Tax Cut, JFK Hopes To Spur Economy 1962/8/13 - YouTube
How the heck could this guy think that permanent tax cuts for families, businesses and corporations could help to spur growth? Why does he think that government spending is not as effective as private spending?

[middle-aged mom]

The top tax rate that year was about 91% for ordinary income and 25% for capital gains.

[rikoshaprl]

Originally Posted by middle-aged mom

The top tax rate that year was about 91% for ordinary income and 25% for capital gains.

That is not the point. There were a slew more deductions back then too. It is the central principle that putting more money into the hands of workers and business will grow the economy and produce more revenue and jobs.

[Dale Cooper]

But...but...but...Biden says it's never been done. Not ever. When Ryan mentioned Jack Kennedy's name, Biden spewed out, "Oh, now you're Jack Kennedy," which, of course, is not close to what Ryan said or was suggesting. I'll bet ol' Blowing Joe was sitting there waiting for an opportunity to mimic Benson. Admittedly, it was a good spew when Benson threw it up, but this time, it fell flat (except to unrelenting, unintellectual 0bots).