Conservative Point Of View

 

“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.”

 

“It is no contradiction – the most important single thing we can do to stimulate investment in today’s economy is to raise consumption by major reduction of individual income tax rates.”

 

“Our tax system still siphons out of the private economy too large a share of personal and business purchasing power and reduces the incentive for risk, investment and effort – thereby aborting our recoveries and stifling our national growth rate.”

 

“A tax cut means higher family income and higher business profits and a balanced federal budget. Every taxpayer and his family will have more money left over after taxes for a new car, a new home, new conveniences, education and investment. Every businessman can keep a higher percentage of his profits in his cash register or put it to work expanding or improving his business, and as the national income grows, the federal government will ultimately end up with more revenues.”

 

“Our present tax system … exerts too heavy a drag on growth … It reduces the financial incentives for personal effort, investment, and risk-taking … The present tax load … distorts economic judgments and channels an undue amount of energy into efforts to avoid tax liabilities.”

 

“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.”

 

“The largest single barrier to full employment of our manpower and resources and to a higher rate of economic growth is the unrealistically heavy drag of federal income taxes on private purchasing power, initiative and incentive.”

 

   ” Every dollar released from taxation that is spent or invested will help create a new job and a new salary. And these new jobs and new salaries can create other jobs and other salaries and more customers and more growth for an expanding American economy.”
  The principles expressed in the above quotes regarding taxation and the free market economy are at the core of conservatism. The quotes are made all the more significant because they were made by one of the most famous liberal icons, Pres. John F. Kennedy.
  Now some will argue that these quotes do not hold true today because when Pres. Kennedy made the quotes, he was attempting to lower the tax rates from 90% down to only 70%. They will attempt to make the case that Pres. Kennedy would never endorse rates as low as they are now and that he would never endorse lowering them even more.
  I would argue that the principles expressed in the quotes hold true. I believe that it matters little whether you are lowering the rates from 90% to 70% or from 50% to 30% or 25% to 15%.
 To allow individual citizens to keep their money and companies to keep their profits, can and will spur growth. History bears this out.
 
 
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