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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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“It is a paradoxical truth that tax rates are too high and tax revenues are too low and the soundest way to raise the revenues in the long run is to cut the rates now Cutting taxes now is not to incur a budget deficit, but to achieve the more prosperous, expanding economy which can bring a budget surplus.”

WayLongRunningEconomyCuttingAchieveTaxesLowsRaisesRateBudgetsLong RunsExpandingRevenueDeficitProsperousParadoxicalSurplusBudget Deficit
Author:John F. Kennedy
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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.”

MadeCountryStatesUseAbilityUnitedCompanyUnited StatesTaxesAdvantageInvestmentAvailableIncomeInvestorsPaymentIncome TaxRetaining
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.”

DecisionEconomicTaxesAddFactorsCodeComplexityConsiderationPrimeTaxpayersFormationAvoidanceMoraleMobility
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.”

NationsGrowthEconomicPositionIndustryEssentialsIncreasePlantInvestmentInternationalRecoveryEmploymentProductiveExpansionEconomic GrowthStimulusAccelerateModernization
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.”

TaxesNormalPlantInvestmentCongressEquipmentIncentivesProposeStimulusModernization
Book:Public Papers of the Presidents of the United States: John F. Kennedy, 1961
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