Ryan & The Republicans are absolutely correct on this issue, and we should join them...

[bvar22]

... in bringing back the Tax Policies of John Kennedy!

The Republicans frequently trot out John Kennedy and praise his tax policy.
You heard it last night from Ryan who stated that Kennedy's Tax Policies promoted unparalleled Economic Growth.
He was absolutely correct on this point.
The Tax (and Trade) Policies of the early '60s produced unmatched Economic Growth, and built a Working Class that was wealthier and more Upwardly Mobile than the World had ever seen.
This IS HISTORY, not theory.

[font size=3]Under John Kennedy, the Top Marginal rate was set at 71%,
and Long Term Capital gains were taxed at a minimum of 25%.[/font]

Lets join the Republicans,
and re-establish the top marginal rate at 71% and Capital Gains at 25%.
If they want John Kennedy, lets give them John Kennedy!

Be sure and tell your friends and enemies.
I wish Joe had pointed this out last night.




You will know them by their WORKS,
not by their excuses.
[font size=5 color=firebrick]Solidarity99![/font][font size=2 color=green]
--------------------------------------------------------------------------------------------------------------------------------[/center]

[magical thyme]

1. K and freakin' R!!!!! nt

[begin_within]

2. Exactly!

[CaliforniaPeggy]

3. I'm proud to K&R this important thread.

[Lugnut]

4. K&R! n/t

[NewJeffCT]

5. while I agree that the top tax rates need to be raised

Kennedy did cut the top tax rate from 90% to 71%.

However, he did that because we had paid off all (or most) of our debt incurred from World War 2 and The Great Depression.

So, Mr. Ryan, I might ask him, if he'd agree to a 90% top tax rate until we pay off our debt, just so he could be like Kennedy and cut the rates later.

[bvar22]

9. I like it!

90% for the Top Rate and 35% for Capital Gains until the debt is paid off,
ESPECIALLY the debts incurred for the two Bush/Republican Wars which the Republicans put On-the-Credit-Card, expecting out children to pay for it.
It is the "Patriotic" thing to do!

In fact, we can call it The Patriot Tax Plan!

[obxhead]

14. The Patriot Tax Act!

YES!

As a PATRIOT you should be wearing a flag pin a proudly paying for the wars that protected our country.

[truebluegreen]

11. Yes and no...

Kennedy did drop the top marginal RATE from 90 to 71%. HOWEVER, at the same time he closed many loopholes. He said at the time that he was going to RAISE taxes on people like himself, and he did.

Revenue increased immediately (not just after a period of economic growth) and the economy boomed.

[ErikJ]

15. AND they closed some of the loopholes.

But the problem with closing loopholes is that they can very easily be re-opened by lobbyist pressure without the public knowing about it.

[Odin2005]

23. Oh, SNAP!

+100,000,000,000

[JimDandy]

6. K & R

[OldDem2012]

7. Excellent! But I bet we won't see this anywhere near the MSM. nt.

[abelenkpe]

8. K&R nt

[Aeroette]

10. K&R

[obxhead]

12. Those numbers need to be reversed though.

I'm no economist or tax expert, so this post can be taken for the idea that it is. Feel free to correct me.

The true 1% and .01%'rs get a massive majority of their "income" from capital gains today compared to the 60's. That's one of the ways they dodge taxes.

While they (R's) want tax rates dropped, they really demand capital gains taxes be essentially nonexistent.

I'm not sure 25% on CG taxes will really address our problems correctly.

[ErikJ]

13. By their logic, just CUTTING taxes creates growth. Until what? They pay ZERO?

THis tax cutting excuse has been used for 30 years resulting in the lowest tax rate since 1932, 80 YEARS. And theyre going for it again? Unbelievable.

[polmaven]

16. You BETCHA!!

[99Forever]

17. Perfect! n/t

[defacto7]

18. I'm no economist but...

we were living pretty well back then. I was a kid and I remember huge government projects were successful and we were headed to the moon. We had a house that was paid.. you could buy one for $6 to 8 grand, new cars cost about $1400, a new Corvette cost $8000, no credit cards but we weren't in debt either. Now, everyone is in debt to hell and the projects are dismal. Private industry will never... EVER be able to build the things we did back then as a nation.

We have gone backward.

[tavalon]

22. Could you post this as an op?

[Blue Idaho]

19. Thank You!

Shout this from the rooftops!

[LuckyLib]

20. K & R!!

[Up2Late]

21. Yeah, no kidding! That was my first though when I heard that too!

I remember thinking, yeah, but he cut the top rate to about 70% you silly douche-bag!