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Quote by John F. Kennedy

“I have asked the secretary of the treasury to report by April 1 on whether present tax laws may be stimulating in undue amounts the flow of American capital to the industrial countries abroad through special preferential treatment.”

Quote by John F. Kennedy

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John F. Kennedy
John F. Kennedy

John F. Kennedy was the 35th President of the United States, serving from 1961 to 1963. His presidency was marked by the Civil Rights Act, the New Frontier policy, and the intense Cold War confrontation with the Soviet Union. Kennedy was known for his youthful charm and charisma, but his assassination during his term shocked the world. more

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“In those countries where income taxes are lower than in the United States, the ability to defer the payment of U.S. tax by retaining income in the subsidiary companies provides a tax advantage for companies operating through overseas subsidiaries that is not available to companies operating solely in the United States. Many American investors properly made use of this deferral in the conduct of their foreign investment.”

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Author:John F. Kennedy
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“The present tax codes inhibit the mobility and formation of capital, add complexities and inequities which undermine the morale of the taxpayer, and make tax avoidance rather than market factors a prime consideration in too many economic decisions.”

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Book:Public Papers of the Presidents of the United States: John F. Kennedy, 1963
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“Expansion and modernization of the nation's productive plant is essential to accelerate economic growth and to improve the international competitive position of American industry An early stimulus to business investment will promote recovery and increase employment.”

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Book:Public Papers of the Presidents of the United States: John F. Kennedy, 1961
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“We must start now to provide additional stimulus to the modernization of American industrial plants I shall propose to the Congress a new tax incentive for businesses to expand their normal investment in plant and equipment.”

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Book:Public Papers of the Presidents of the United States: John F. Kennedy, 1961
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“We are opposed around the world by a monolithic and ruthless conspiracy that relies primarily on covert means for expanding its sphere of influence — on infiltration instead of invasion, on subversion instead of elections, on intimidation instead of free choice, on guerrillas by night instead of armies by day”

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Author:John F. Kennedy
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“A tax cut means higher family income and higher business profits and a balanced federal budget....As the national income grows, the federal government will ultimately end up with more revenues. Prosperity is the real way to balance our budget. By lowering tax rates, by increasing jobs and income, we can expand tax revenues and finally bring our budget into balance.”

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Author:John F. Kennedy
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