“The final and best means of strengthening demand among consumers and business is to reduce the burden on private income and the deterrents to private initiative which are imposed by our present tax system; and this administration pledged itself last summer to an across-the-board, top-to-bottom cut in personal and corporate income taxes to be enacted and become effective in 1963.”

Source: 1962, Address and Question and Answer Period at the Economic Club of New York

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John F. Kennedy 469
35th president of the United States of America 1917–1963

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John F. Kennedy photo

“The final and best means of strengthening demand among consumers and business is to reduce the burden on private income and the deterrents to private initiative which are imposed by our present tax system.”

John F. Kennedy (1917–1963) 35th president of the United States of America

1962, Address and Question and Answer Period at the Economic Club of New York (549)

John F. Kennedy photo

“A tax cut means higher family income and higher business profits and a balanced federal budget…. As the national income grows, the federal government will ultimately end up with more revenues. Prosperity is the real way to balance our budget. By lowering tax rates, by increasing jobs and income, we can expand tax revenues and finally bring our budget into balance.”

John F. Kennedy (1917–1963) 35th president of the United States of America

Source: "Radio and Television Address to the Nation on the Test Ban Treaty and the Tax Reduction Bill" (18 September 1963) http://www.presidency.ucsb.edu/ws/?pid=9413

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“Make no mistake, the point of cutting the personal income tax and the capital gains cut is to send an unmistakable message to business.”

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[Phil, Magers, http://www.upi.com/archive/view.php?archive=1&StoryID=20030219-071745-7704r, "New Mexico cuts taxes to stimulate economy", United Press International, 2003-02-19, 2006-08-21]

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“I do want to reduce the income tax and if possible, eliminate the income tax…The first thing you do is balance the budget, then reduce the size of government.”

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“The major disadvantage of the proposed negative income tax is its political implications. It establishes a system under which taxes are imposed on some to pay subsidies to others. And presumably, these others have a vote.”

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Source: (1962), Ch. 12 The Alleviation of Poverty, 2002 edition, p. 194

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