---<<(( Bring Back The JFK Tax Cuts!!! ))>>---

[ulTRAX]

Conservatives love to cite JFK's tax cuts as "proof" that tax cuts
stimulate economic growth. I have found no evidence of JFK's tax cut
but I assume they mean the Revenue Act of 1964.

Here's the CATO Institute from
http://www.cato.org/dailys/03-08-01.html
"Tax-rate reductions are economically beneficial because a cut in tax
rates reduces the negative effects of the tax on economic behavior. A
tax-rate cut increases the after-tax rate of return on capital
investment, on starting a business, on saving, and on working. When
you tax something, you get less of it. When you tax something less,
you get more of it. This is why every time we've cut federal tax rates
in the U.S. we've seen a spurt in productivity, employment,
investment, asset values, and output. Bush was right to invoke the
examples of JFK and Reagan. Both those tax-rate cuts were followed by
record economic expansions, namely, in the production of goods and
services."

OK... I agree, for once, with CATO. I say let's BRING BACK those JFK
tax which according to http://www.ustreas.gov/ota/ota81.pdf reduced
individual tax rates (top rate dropped from 91% to 70%) and reduced
top corporate tax rate from 52% to 48%.

If it worked then, it can work now!!! ;-)

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