“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 tax rates. . . .[A]n economy constrained by high tax rates will never produce enough revenue to balance the budget, just as it will never create enough jobs or enough profits.” – John F. Kennedy, 1962, Address to the Economic Club of New York Remember JFK was taught by his dad who was a businessman (even though some of the ventures were not quite legal) not a lifelong politician.
Posted on: Thu, 08 Aug 2013 23:26:54 +0000
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