President Kennedy’s Plan to Spur the Economy with a Tax Cut (August 13, 1962 Oval Office speech)

From Mark Perry’s Carpe Diem website: “In this video from August 13, 1962, watch President Kennedy as he announces his bold plan to introduce permanent, across-the-board, top-to-bottom tax cuts for both individuals and corporations to help the economy grow and prevent a recession. Kennedy argued that tax reform was “long-needed” because both “logic and equity” demanded tax relief for Americans. Further, Kennedy predicted that the dollars released from taxation would create new jobs, new salaries, and spur economic growth and an expanding American economy, thereby creating more jobs and higher tax revenues.  He was exactly right.”

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