“Budget deficits are not caused by wild-eyed spenders, but by slow economic growth and periodic recessions. And any new recession would break all deficit records. In short, it is a paradoxical truth that tax rates are too high today and tax revenues are too low, and the soundest way to raise the revenues in the long run is to cut the rates now.”
Quote by John F. Kennedy
Author
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