"Corporate tax rates must also be cut to increase incentives and the availability of investment capital. The Government has already taken major steps this year to reduce business tax liability and to stimulate the modernization, replacement, and expansion of our productive plant and equipment. For all these reasons, next year's tax bill should reduce personal as well as corporate income taxes, for those in the lower brackets, who are certain to spend their additional take-home pay, and for those in the middle and upper brackets, who can thereby be encouraged to undertake additional efforts and enabled to invest more capital."
React to this quote
More by John F. Kennedy
See allResonant Thoughts
"It is no part of my creed that everybody ought to have the same income, for that would not guarantee that everybody would be equally happy. Happiness springs from within, not from without, but it may …"
Explore Further
Related Quotes
"I never joined the army because "at ease" never seemed that easy to me. It seemed rather uptight, still. I …"
— Mitch Hedberg"If God were not a necessary Being of himself, he might almost seem to be made for the use and benefit of men."
— John Tillotson"Henry was capable of ruthlessness, as his treatment of the mad woman who railed at him about Eleanor Cobham…"
— Lauren Johnson (author)"The illusion that there might be a single, correct, absolute answer independently of context, purpose and p…"
— Luciano Floridi"It’s that feeling when you make it home Friday night and pour yourself a drink or a glass of wine and feel …"
— Richard Boyatzis"There were long stretches where each of us was engaged in a private world of rapidly shifting vignettes. Al…"
— Howard Thurman