danielpalos
Diamond Member
- Banned
- #21
It had to do with the political situation. The concept was still not widely accepted by the left.Why is it when John F Kennedy cut taxes and had a economic boom he was hailed as a hero? Yet when Trump does the same it is called stupid and unsustainable?nobody takes the right wing seriously about economics.how sustainable are tax cut economics?
I have been reading various reports that we are bound for another Recession. The question isn't why? It's a more of when.
Will it happen under the Trump Administration?
Is The Next Recession On Its Way?
https://seekingalpha.com/article/4209026-another-financial-crisis-coming-investors-need-know
Remember, when Trump won the Marxists such as Paul Krugman DEMANDED that the stock markets would crash and we would go into a deep depression.
This is just more of the same from the hate filled left who cannot stand that America is thriving.
The Nazicrats behave like they hate Donald Trump, but what they really hate is America. When America wins, the democrats lose.
Much more stable than your pea-brain chicken little self is thinking.
The president finally decided that only a bold domestic program, including tax cuts, would restore his political momentum. Declaring that the absence of recession is not tantamount to economic growth, the president proposed in 1963 to cut income taxes from a range of 20-91% to 14-65% He also proposed a cut in the corporate tax rate from 52% to 47%. Ironically, economic growth expanded in 1963, and Republicans and conservative Democrats in Congress insisted that reducing taxes without corresponding spending cuts was unacceptable. Kennedy disagreed, arguing that “a rising tide lifts all boats” and that strong economic growth would not continue without lower taxes.==John F. Kennedy on the Economy and Taxes - John F. Kennedy Presidential Library & Museum
Notice the actual tax rates, then. Now, tax cut economics are simply, fiscally irresponsible.
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