why did Democrat JFK cut taxes?

Answer 1

JFK was the last true Democrat. I became a republican after the shift in the democratic party after his term in office ended.

Answer 2

the impressive marginal tax fee-on earnings over $4 hundred,000, after JFK's action replaced into 70%. it extremely is now 35%. the middle type persisted to enhance interior the Nineteen Sixties (it grew interior the Nineteen Fifties besides whilst the impressive tax bracket replaced into 87%-ninety one%.) The Reagan and W. Bush tax cuts have benefited the wealthiest a million% of tax payers the main. McCain's regulations could be a similar. ********* impacts of John McCain Tax Plan (properly-known replace in Federal Tax) backside 20% -$20 2d 20% -$123 center 20% -$282 Fourth 20% -$512 impressive 20% -$2826 impressive a million% -$31,628 impressive 0.a million% -$one hundred ninety,653 impacts of Barack Obama Tax Plan (properly-known replace in Federal Tax) backside 20% -$617 2d 20% -$959 center 20% -$969 Fourth 20% -$753 impressive 20% +$7748 impressive a million% +$133,715 impressive 0.a million% +$789,241 for sure one Candidate represents the richest individuals and the different maximum folk of people. Trickle Down Economics has purely benefited the wealthy and has positioned u . s . a . of america close to to financial disaster, with deficits and debt hovering and the fee of the dollar plummeting. McBush McSame McCain?

Answer 3

JFK cut taxes to stimulate the economy, to put people back to work, and to put more money into the pockets of working people.
Just like Reagan and Bush.
IT WORKED ALL THREE TIMES.
Three great presidents. JFK was first.

The Democrat Party still hates JFK because of him cutting taxes for working people.

Answer 4

Because not every Democrat believes in raising taxes, just like not all Republicans believe we should cut taxes.

Answer 5

"In 1932 the top marginal tax rate was increased to 63% during the Great Depression and steadily increased to 94% marginal tax rates on all income over $200,000 in 1945. Top marginal tax rates stayed near or above 90% until 1964 when the top marginal tax rate was lowered to 70%. The top marginal tax rate was lowered to 50% in 1982 and eventually to 28% in 1988. During World War II, Congress introduced payroll withholding and quarterly tax payments."


Because they were out of whack. And he only cut taxes on income over $200k, back when $200k/year meant something.

Answer 6

This a myth that I heard George Bush say to drum support for his tax cuts for the very rich. Kennedy cut taxes to stimulate the economy. But he cut taxes for everybody with the lower taxpayer actually getting a bigger cut. Wasn't that special?

Answer 7

Answerman- Bush cut taxes for everyone too, and now the rich pay more of the tax burden than they did before

Answer 8

To spur economic growth based on the theory of demand-side (not supply-side) economics where public consumption is believed to spur economic activity.

Answer 9

For the same reason Reagan and GW Bush did.

Answer 10

That was way back when the Democratic party was honest.