- Sep 19, 2011
- 28,369
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- 900
I'm pretty sure many of you UNLIKE me were NOT growing up during that time frame so YOU don't know the realities of life during the 50s,60s!
One reason most wealthy people didn't mind those tax rates was now I'm going to shout ok??
THE GOVERNMENT WAS NOT MESSING UP THE ECONOMY!
IKE THE PRESIDENT DID ALMOST NOTHING TO SCREW UP THE ECONOMY!
IKE PLAYED A LOT OF GOLF WHICH WAS GOOD... HE DIDN'T MESS THINGS UP!
So IKE's major contribution the Interstate system was good in many ways to develop the economy.
It WAS Kennedy that cut the tax rates folks... a DEMOCRAT!
President Kennedy proposed across-the-board tax rate reductions that reduced the top tax rate from more than 90 percent down to 70 percent.
What happened?
Tax revenues climbed from $94 billion in 1961 to $153 billion in 1968, an increase of 62 percent (33 percent after adjusting for inflation).
Historic Tax Cuts and Economic Growth | Lessons of Lower Tax Rates
These are the FACTS folks that I grew up with.. IKE was great he did nothing.
Kennedy was great he cut taxes!
FACTS folks!
With over $1 trillion sitting offshore a repatriation program with no tax consequences would
bring over $1 trillion back to the USA and you heard it first here:
Romney's first ACT is repatriation of this money!
Within 6 months businesses will be hiring like crazy.. unemployment down to 6%.
GDP end of 2013 will be up 7%!!!
Book it!!!
One reason most wealthy people didn't mind those tax rates was now I'm going to shout ok??
THE GOVERNMENT WAS NOT MESSING UP THE ECONOMY!
IKE THE PRESIDENT DID ALMOST NOTHING TO SCREW UP THE ECONOMY!
IKE PLAYED A LOT OF GOLF WHICH WAS GOOD... HE DIDN'T MESS THINGS UP!
So IKE's major contribution the Interstate system was good in many ways to develop the economy.
It WAS Kennedy that cut the tax rates folks... a DEMOCRAT!
President Kennedy proposed across-the-board tax rate reductions that reduced the top tax rate from more than 90 percent down to 70 percent.
What happened?
Tax revenues climbed from $94 billion in 1961 to $153 billion in 1968, an increase of 62 percent (33 percent after adjusting for inflation).
Historic Tax Cuts and Economic Growth | Lessons of Lower Tax Rates
These are the FACTS folks that I grew up with.. IKE was great he did nothing.
Kennedy was great he cut taxes!
FACTS folks!
With over $1 trillion sitting offshore a repatriation program with no tax consequences would
bring over $1 trillion back to the USA and you heard it first here:
Romney's first ACT is repatriation of this money!
Within 6 months businesses will be hiring like crazy.. unemployment down to 6%.
GDP end of 2013 will be up 7%!!!
Book it!!!
