“I think the Kennedy-Johnson tax cut was a marvelous success in 1964. It was too bad it was not implemented a little sooner, and Kennedy died, of course. After that, Johnson dallied for a while about raising taxes to pay for the war in Vietnam. The stimulus did not get reversed until the tax increase and expenditure cap of 1969, and that had a quick effect once it was enacted. As you know, we had a recession in 1969–1970.”

"Keynsianism Again: Interview with Lawrence Klein", Challenge (May-June 2001)

Adopted from Wikiquote. Last update June 3, 2021. History

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Lawrence Klein15

American economist 1920–2013

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“One of the hackneyed liberal complaints goes something like this: 'Bush is the first president in history to cut taxes during a war.' Nonsense. Bush didn’t cut taxes; he cut tax rates across the board - on income, dividends and capital gains. And that’s precisely why tax revenues have soared. When a department store wants to make more money, it doesn’t raise its prices, it cuts them and announces a big sale. If you want more work and investment, you hold a sale on economic activity by cutting tax rates, thereby reducing the cost of productive activity and increasing the prospect of after-tax returns on work and investment.”

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July 22, 2005 Rocky Mountain News column

“When I was working a man asked me "Why does a fellow like you, with an education, and who has been all over the country, end up in this out-of-the-way place working for very little on a farm?" I explained that all people who had good jobs in factories, etc. had a withholding tax for war taken from their pay, and that people who worked on farms had no tax taken from their pay. I told him that I refused to pay taxes. He was a returned soldier and said that he did not like war either, but what could a fellow do about it? I replied that we each did what we really wanted to.”

Ammon Hennacy (1893–1970) American Christian radical

The Book of Ammon

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Lawrence Klein15

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