Quote:
Originally Posted by JaneB
http://www.heritage.org/Research/Rep...ower-Tax-Rates
President Kennedy proposed across-the-board tax rate reductions that reduced the top tax rate from more than 90 percent down to 70 percent. What happened? Tax revenues climbed from $94 billion in 1961 to $153 billion in 1968, an increase of 62 percent (33 percent after adjusting for inflation).
According to President John F. Kennedy:
Our true choice is not between tax reduction, on the one hand, and the avoidance of large Federal deficits on the other. It is increasingly clear that no matter what party is in power, so long as our national security needs keep rising, an economy hampered by restrictive tax rates will never produce enough revenues to balance our budget just as it will never produce enough jobs or enough profits? In short, it is a paradoxical truth that tax rates are too high today and tax revenues are too low and the soundest way to raise the revenues in the long run is to cut the rates now
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He was also the guy that said "ask not what your country can do for you but what you can do for your country". If more people did for themselves and didn't milk the system, that would be less taxes all of us would pay, and a lot more money pumped into the economy making us a much stronger country. Instead we are going in the wrong direction, giving more and more and more to the people who leach off of this country and bring it all down. "free money" should never be given out, everyone should earn, one way or another EVERY penny they get in assistance, unless they are truley dissabled or already trying as hard as they can and need a hand up.