I want you to listen carefully to the following quote and tell me what shameless, unrepentant, unreconstructed, trickle-down, supply-sider said it: ``Tax rates are too high today and tax revenue is too low. The soundest way to raise the revenues in the long run is to cut the rates now.'' Jack Kemp? No. Ronald Reagan? Nope. Dick Armey? Close, no cigar. Actually, this wild-eyed supply-sider was none other than John Fitzgerald Kennedy. He understood what the limousine liberals in today's Democratic Party do not: Tax cuts are good for the economy. That is why the tax bill that we are considering today is so important. It will not only restore fairness to our Tax Code, but it will also promote savings and investment, just the kind of activities that our economy needs. It was good enough for Jack Kennedy, then why is it not good enough for today's Democrats? Why? Why?
Martin Hoke: “I want you to listen carefully to the following quote and tell me what shameless, unrepentant, unreconstructed…”
Editor's note · Context
Discussing the importance of tax cuts during a debate on tax legislation.
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