[Mulholland]

Originally posted by speeder
"The party of JFK"....... ?

If JFK was alive, he'd be beating your ass w/ his cane and sticking an enema in your ear. God, what a set of cajones you have...

Read, my boy. And stay off the right-wing wack-job web sites. You're gonna be alright.

By today's standards, JFK was a conservative of the Zel Miller variety...From warrior (of course he wasn't stabbed in the back during war-time, as is current en vogue with libeRATS) to fiscal conservativism...On the contrary, my blind and ignorant liberal dupe friend...you read...

December 14, 1962...

JFK's Speech to the Economic Club of NY



"In short to increase demand and lift the economy, 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. Under these circumstances, any new tax legislation enacted next year should meet the three following tests: First, it should reduce the net taxes by a sufficiently early date and a sufficiently large amount to do the job required.

Early action could give us extra leverage, added results, and important insurance against recession. Too large a tax cut, of course, could result in inflation and insufficient future revenues - but the greater danger is a tax cut too little or too late to be effective. Second, the new tax bill must increase private consumption as well as investment. After-tax income could and should be greater, providing stronger markets for the products of American industry.

When consumers purchase more goods, plants use more of their capacity, men are hired instead of laid off, investment increases and profits are high. Corporate tax rates must also be cut to increase incentives and the availability of investment capital. The government has already taken major steps this year to reduce business tax liability and to stimulate the modernization, replacement, and expansion of our productive plant and equipment.


We have done this through the investment tax credit and through the liberalization of depreciation allowances - two essential parts of our first step in tax revision which amounted to a ten percent reduction in corporate income taxes. Now we need to increase consumer demand to make these measures fully effective - demand which will make more use of existing capacity and thus increase both profits and the incentive to invest. In fact, profits after taxes would be at least fifteen percent higher today if we were operating at full employment.

Next year's tax bill must reduce personal as well as corporate income taxes - for those in the lower brackets, who are certain to spend their additional take-home pay: And for those in the middle and upper brackets, who can thereby be encouraged to undertake additional efforts and enabled to invest more capital. Third, the new tax bill should improve both the equity and the simplicity of our tax system."


Now who would get slapped?...You my offensive pick-pocket liberal friend.