[Inyokern]

They said Bush's tax plan is skewed to benefit the rich, whereas President Kennedy's went primarily to lower and middle income families.

As I recall, Kennedy's plan cut the top rate drastically. I don't think lower and middle income families paid the top rate.

[Madame Dufarge]

"a. Herbert Stein observed that the tax cut plan gave “considerable deference to the interests of corporations and wealthy individuals as taxpayers.”[5]

"b. Despite the fact that the largest marginal reductions were targeted towards upper-income Americans, revenues grew significantly from this group.

"In the three years prior to the tax cut, revenues from those earning more than $50,000 grew by 6.1 percent annually. In the three years after the tax cut, this growth rate more than doubled to 14.1 percent annually."

Kennedy Tax Cut Plan

[nickcarraway]

I believe that Kennedy's tax cut was the greatest tax cut the rich ever recieved. (and probably will ever recieve) I think the top tax rate was 90% before that. 90 %. 90%.

[nickcarraway]

a. Cut individual income tax rates across the board, including reducing the top marginal rate from 91 to 70 percent. The lowest rate went from 20 percent to 14 percent.

b. Reduced the rate of corporate taxation from 52 percent to 47 percent.

c. Liberalized rules for the depreciation of capital.

[WOSG]

See, we have it all wrong giving undue praise to JFK... what we really need to see is:

Drunk driving ads citing Chappaquiddick irks Kennedys

[CyberAnt]

From 90 to 70; Reagan took it from 70 to 38 - that's why we had so many years of prosperity.