"The reason we still have high unemployment, and will continue to have it, is the far left agenda of the Obozo regime is doing everything it can to kill "the golden goose"--aka the business enterprises and entrepreneurs that make our economy work. Government does not create shit, it can only provide a system that encourages economy growth and this administration IS NOT doing this because liberals just do not understand this!
THIS democrat understood it.
"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."
John F. Kennedy, Jan. 17, 1963, annual budget message to the Congress, fiscal year 1964
"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."
John F. Kennedy, Jan. 21, 1963, annual message to the Congress: "The Economic Report Of The President"
"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."
John F. Kennedy, Jan. 21, 1963, annual message to the Congress: "The Economic Report Of The President"
"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."
John F. Kennedy, Jan. 24, 1963, message to Congress on tax reduction and reform, House Doc. 43, 88th Congress, 1st Session.
"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."
John F. Kennedy, Sept. 18, 1963, radio and television address to the nation on tax-reduction bill
"I have asked the secretary of the treasury to report by April 1 on whether present tax laws may be stimulating in undue amounts the flow of American capital to the industrial countries abroad through special preferential treatment."
John F. Kennedy, Feb. 6, 1961, message to Congress on gold and the balalnce of payments deficit
"In those countries where income taxes are lower than in the United States, the ability to defer the payment of U.S. tax by retaining income in the subsidiary companies provides a tax advantage for companies operating through overseas subsidiaries that is not available to companies operating solely in the United States. Many American investors properly made use of this deferral in the conduct of their foreign investment."
John F. Kennedy, April 20, 1961, message to Congress on taxation
"Our present tax system ... exerts too heavy a drag on growth ... It reduces the financial incentives for personal effort, investment, and risk-taking ... The present tax load ... distorts economic judgments and channels an undue amount of energy into efforts to avoid tax liabilities."
John F. Kennedy, Nov. 20, 1962, press conference
