▶ Thom Hartmann: Video: “JFK Did Not Cut Taxes on The Rich!”

Kennedy/Johnson Tax Cuts

Kennedy/Johnson Tax Cuts

▶ “JFK Did Not Cut Taxes on The Rich!” – YouTube.

Fact President Lyndon Johnson cut the tax rates for everyone including the wealthy. He passed through a Democratic Congress with I’m sure a lot of Republican votes in the House and Senate. What President Kennedy wanted to do but obviously didn’t finish before he was assassinated. Which was to cut taxes on the wealthy including taking the top tax rate of I believe ninety-one-percent to seventy-four-percent. And took the bottom tax rate of I believe twenty-five-percent down to twenty percent. But what President Johnson also did was to cut wasteful tax loopholes in the system that didn’t benefit anyone except the wealthy. While allowing everyone to keep more of their own money.

Advertisements

About Derik Schneider

Blogger on everything that interests me and that I'm knowledgeable about.
This entry was posted in Opinion and tagged , , , , . Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s