Video by: UniversalNewsreels
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John F. Kennedy speaks on his income tax cut that he wants to present to Congress in January next year (partial newsreel).

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Tags: cut income jfk john kennedy tax  income tax cut jfk hopes to spur economy 1962/8/13 See more videos uploaded by UniversalNewsreels

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No conservative ... ( 1 month ago by Evrviglnt)

No conservative votes for Barack Obama - check your premises.

Well, what do you ... ( 1 month ago by alvincay100)

Well, what do you know, it looks like good old JFK believed in "trickle down economics." Too bad the Democratic party is now a LEFTIST party and not a LIBERAL one. Only a socialist could possibly vote for Obama.

So true! ( 1 month ago by jc1042)

So true!

I'd generally agree ... ( 1 month ago by ksict)

I'd generally agree that we need a string of fiscal Andrew Jacksons - eliminate our debt! Not sure why you wouldn't concede the Dems started the whole problem in 1977 with subprime lending. It's simple history - Dem congress passed it, Dem prez signed it...

Looking at history, ... ( 1 month ago by thromulak)

Looking at history, JFK's policies parallel those of Ronald Reagan. What in the hell happened to the Democrat party? They have gone way off the edge, bordering socialism. Especially Obama.

You are absolutely ... ( 1 month ago by em1180)

You are absolutely correct.... I wish more people say those things.

I guess when the ... ( 1 month ago by em1180)

I guess when the Democrats golden boy says it it's OK. When a republican says it its wrong......

Oh JFK, if we ever ... ( 3 weeks ago by jmoore279)

Oh JFK, if we ever needed you, we need you NOW!!!

BEST PRES! ( 3 weeks ago by cleanarab)

BEST PRES!

Amen. The democrats ... ( 2 weeks ago by WELLFEDAMERICAN)

Amen. The democrats have been totally hijacked by the radical left. It's downright scary.

What's ironic is ... ( 2 weeks ago by PleaseNoPolitics)

What's ironic is that the Republicans were plagued by the same problems then which plague them now: aloofness, "Me-Tooism", corporatism. Then the Goldwater revolution began, and resulted in Ronald Reagan. Now they're back at the other end of the circle. But my goodness have the Democrats changed, as proven by this video. I don't know why we don't hear more about a Leftist conspiracy, since it meets most every qualification of conspiracy theory.

EVERYONE: See the ... ( 2 weeks ago by PleaseNoPolitics)

EVERYONE: See the options available when government isn't handcuffed with gobs of social garbage? A government can actually (I can't believe I'm saying this)...HELP in a recession!

My God! This is ... ( 2 weeks ago by MGR1900)

My God! This is Ronald Reagan talking not Barack Obama.

You forget that the ... ( 2 weeks ago by U2387)

You forget that the top tax rate was 91% when JFK proposed to cut it! Even then, he cut it down to 70%. The reason it had been so high was because back then, we actually believed in paying off debt(WWII) and JFK was reducing taxes as the debt decreased. 91% was not something u keep unless needed to pay debt. Obama is only proposing to bring the top rate back to 39.6%, or a whole 30 points lower than your supposed supply side hero JFK. That is not socialism, get ur facts straight.

Yeah, then how come ... ( 1 week ago by Pella5000)

Yeah, then how come under Kennedy we had the strongest economy we have ever had? It isn't by coincidence.

It was stronger and ... ( 1 week ago by U2387)

It was stronger and more sustained, more jobs, etc in the 1990s under Clinton. Yes, the economy was excellent under Kennedy- 1961-1963- he passed some very important targeted investment tax credits that still exist today,lowered business taxes and closed loopholes to pay for it. His tax cut he is referring to here was not passed until after his death by LBJ, so while the economy was undeniably good under JFK, the tax cuts did not cause it. The rest of the 60s growth was helped by Vietnam too.

Not everybody ... ( 1 week ago by Boeing727223)

Not everybody worked in defense during the Vietnam war, and yes the tax cuts did help prolong the growth.

No kidding not ... ( 1 week ago by U2387)

No kidding not everyone worked in defense- I didnt say that. Just stated a fact that increases in defense spending that come w/ wars pump up the economy- thats how the depression ended. Govt spending in general is a large component of GDP. Of course, the tax cuts contributed to it. But, the Reaganites miss 2 points: 1.)Kennedy tax cut was aimed at the demand side- look at what he said himself-not supply side and 2.)the cut in the top rate was necessary as it was a lot higher than it is today.

I think we can ... ( 1 week ago by Boeing727223)

I think we can agree that tax cuts do contribute to economic growth..I'm trying to find where tax cuts across the board were given and the economy failed. The key is to cut taxes but also cut spending. The federal Govt's main responsibility is Defense spending. Kennedy did cut the top rate from 90 to 70 so you are correct. I think the point Reaganites are trying to make is that tax cuts accross the board do work and do contribute to economic growth.

Yes, we can agree ... ( 1 week ago by U2387)

Yes, we can agree tax cuts contribute to economic growth. We should broaden corp tax base and lower rates. I think there is a time and a place for across the board-when JFK cut them, it was necessary, taxes were too high. I dont think Reagan's across the board tax cuts contributed too much as 1982 and 83 saw post depression highs of unemployment. The main cause of the 1980s boom was Volcker finally loosening up on the money supply, plus govt borrowing. Reagan also increased many taxes.

Well Volcker did ... ( 1 week ago by Boeing727223)

Well Volcker did end stagflation, but his policy of limiting the growth of money contributed to the recession of the early eighties..it was the across the board Reagan tax cuts that helped bring the country out of that recession. I do agree that corporate tax rates need to be lowered...I believe we are second to only to Japan for the highest Corp tax rates. The Federal Reserve does have an impact on the economy, but I still dont understand how lowering tax rates has limited effect.

Regarding the tax ... ( 1 week ago by Boeing727223)

Regarding the tax increases under President Reagan, lets not forget he didnt initiate them, but he had to face the political realities of a Democrat controlled congress..

After the massive, ... ( 1 week ago by U2387)

After the massive, necessary 1981-82 recession, the economy would have come back very strong no matter who was in office. The money supply was the main driver of this. Tax cuts can have a positive impact on economic growth if they are fully paid for through offsetting tax increases or reductions in spending, which Reagan didnt do. Even then, treasury has said the effects are modest compared to other factors(a few hundreths of a %point). Defcit spending easily cancels modest positive effects.

The expectation of ... ( 3 days ago by lees20022)

The expectation of tax cuts spurs economic growth. Investors look to the future to judge the viability of their business ventures , not the past.