With all the people saying we need to raise taxes to increase revenue I heard a clip of a speech by JFK saying the exact opposite! On WND they have a lot of quotes by him in various speeches saying this and I also found a short one from the NYT in 1984 just to cater to those who won't accept anything WND posts.
Tax-cutting policies with a supply-side flavor were put forward two decades ago by the Democratic Administration of John F. Kennedy.
In a speech before the Economic Club of New York on Dec. 14, 1962, President Kennedy gave what could stand today as an eloquent statement of the supply- side case, particularly as it relates to budget deficits and tax rates.
''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 revenue to balance the 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 revenues in the long run is to cut rates now.''
I will include both links. The WND has some really GOOD quotes! Maybe someone can make them clicky for me.
Do you agree with him?
Answer by jesse123456 at 8:49 AM on Feb. 10, 2011
Answer by Carpy at 2:36 PM on Feb. 8, 2011
Answer by Carpy at 2:38 PM on Feb. 8, 2011
Answer by LoriKeet at 8:48 PM on Feb. 8, 2011
Answer by jesse123456 at 7:08 PM on Feb. 8, 2011
Answer by Carpy at 8:59 PM on Feb. 8, 2011
Answer by Carpy at 9:00 PM on Feb. 8, 2011
Answer by Carpy at 8:45 PM on Feb. 8, 2011
and make the top pay 65%
How about you just go get a job and pay your fair share?
Answer by Anonymous at 9:36 PM on Feb. 8, 2011
To you ladies that do not like trickle down, well, how is Obama's trickle up poverty working for you.
The top (richest) pay 78% of the income tax now. The top 50% pay all of the income tax.
The bottom 50% pay none, some even get more back then they paid in.
Now how about you paying your fair share and quit bitching about the top 50%.
Answer by Natesmom507 at 12:40 AM on Feb. 9, 2011