Formerly About Advanced Micro Devices Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Formerly About Advanced Micro Devices

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: combjelly who wrote (358962)	11/16/2007 7:34:34 PM
From: longnshort	Read Replies (1) of 1576062

The 1964 tax cuts were the largest in US history to that point. Bush's don't come close to setting a record. As a share of the nation's economic output, JFK's tax bill was twice as generous as Bush's -- 2 percent of GDP vs. 1.1 percent, according to the National Taxpayers Union. Likewise as a share of federal revenue: The Kennedy cuts "refunded" 12.6 percent of taxes collected. Bush would give back only 6 percent. On that day in 1962, President Kennedy delivered a ringing endorsement of supply-side tax relief. What he advocated, he said, was "a tax cut designed to boost the economy, increase tax revenues and achieve" -- today we would say maintain -- "a budget surplus." That is as worthwhile a goal today as it was 40 years ago, and as achievable. Jack Kennedy would have been the first to say so?

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next