This video is worth watching and has a powerful message from JFK in 1962 (60 years ago) on the virtues of cutting tax rates to avoid a Recession.
“The federal government’s most useful role is not to rush into a program of excessive increases in public expenditures, but to expand the incentives and opportunities for private expenditures.”
How many Democrats in Washington believe this today? Certainly, and sadly, no one in Congress or in the White House.
This JFK quote is one of our favorites given that Dems now want to tax unrealized capital gains:
“The tax on capital gains directly affects investment decisions, the mobility and the flow of risk capital…the ease or difficulty experienced by new ventures in obtaining capital, and thereby the strength and potential for growth in the economy.”