One of the greatest, most celebrated Democratic politicians of modern times was John F. Kennedy – and not just because his life was ended before his time. JFK was a great American leader and visionary. He was not a perfect man, but no American, regardless of political parties, can deny that in so many aspects, he was the right man in the right place at the right time.
One thing that too few Americans know about John F. Kennedy is that, despite being a Democrat, he was a champion for lower taxes for precisely the same reasons the GOP is today. We just passed massive tax increases on both upper- and middle-class Americans in the Fiscal Cliff deal, and people across America are looking at higher taxes as a result of the Affordable Care Act, yet now, not even a week after the Fiscal Cliff deal, the Democrats are saying that it isn’t enough – we need to raise “revenue” yet again – and when they say “revenue,” they mean “taxes,” proving that they don’t truly know how the system really works.
Perhaps, then, they should look to one of their party’s greatest icons, JFK, for advice on taxes.
These quotes are taken from various sources around the Internet – I found many of them on WorldNetDaily – but most ultimately come from the book “The Interesting History of Income Tax,” by William J. Federer.
“It is a paradoxical truth that tax rates are too high and tax revenues are too low and the soundest way to raise the revenues in the long run is to cut the rates now … Cutting taxes now is not to incur a budget deficit, but to achieve the more prosperous, expanding economy which can bring a budget surplus.”
November 20, 1962
“Lower rates of taxation will stimulate economic activity and so raise the levels of personal and corporate income as to yield within a few years an increased – not a reduced – flow of revenues to the federal government.”
“In today’s economy, fiscal prudence and responsibility call for tax reduction even if it temporarily enlarges the federal deficit – why reducing taxes is the best way open to us to increase revenues.”
“It is no contradiction – the most important single thing we can do to stimulate investment in today’s economy is to raise consumption by major reduction of individual income tax rates.”
“Our tax system still siphons out of the private economy too large a share of personal and business purchasing power and reduces the incentive for risk, investment and effort – thereby aborting our recoveries and stifling our national growth rate.”
“A tax cut means higher family income and higher business profits and a balanced federal budget. Every taxpayer and his family will have more money left over after taxes for a new car, a new home, new conveniences, education and investment. Every businessman can keep a higher percentage of his profits in his cash register or put it to work expanding or improving his business, and as the national income grows, the federal government will ultimately end up with more revenues.”