“Lower rates of taxation will stimulate economic activity and so raise the levels of personal and corporate income as to yield within a few years an increased – not a reduced – flow of revenues to the federal government.”
– President John F. Kennedy, January 17, 1963, Annual Budget Message to the Congress, fiscal year 1964
Let us set the Way Back Machine to 1962, when a democrat President presented his plan to create jobs and economic spur growth.
That’s right, dear readers, President Kennedy called for across the board tax cuts and tax reform in order to create jobs, grow the economy, and increase federal revenue.