Today’s quote comes from democrat President John F. Kennedy in 1962:
“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.”
True then and true now. So why does President Obama and the congressional democrats want to raise taxes during a recession?