Democrats for Tax Cuts!
Anthony’s blog about the JFK Profile in Courage award going to the California legislator-tax increasers reminded me of something. Democrats used to cut taxes.
JFK himself was the biggest tax-cutter in American history. At the right is a YouTube of him explaining, on Dec. 14, 1962 before the Economic Club of New York, why tax cuts are essential. The full text is here. But just watch the video. (Only an audio of his speech exists; the video adds pictures from his life.)
JFK campaigned for the cuts all through 1963. Unfortunately, he was killed in November. But his tax cuts were passed by a mourning Congress — overwhelming Democratic — the next February, and lit the fire of economic growth in the mid-1960s. Only when his successor, LBJ, boosted taxes in 1968 did the boom end.
It’s too bad JFK’s own family ignores his legacy. Worse, it’s too bad Democrats ignore it. They used to be the party of tax cuts — and ought to be again.
Let JFK explain it to you. He’s more eloquent than me. Click on the YouTube.
— John Seiler
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