"I am talking about the accumulated evidence of the last 5 years that our present tax system, developed as it was, in good part, during World War II to restrain growth, exerts too heavy a drag on growth in peace time; that it siphons out of the private economy too large a share of personal and business purchasing power; that it reduces the financial incentives for personal effort, investment, and risk-taking. In short, to increase demand and lift the economy, the Federal Government's most useful role is not to rush into a program of excessive increases in public expenditures, but to expand the incentives and opportunities for private expenditures. While rising demand will expand imports, new investment in more efficient productive facilities will aid exports and a new economic climate could both draw capital from abroad and keep capital here at home."
React to this quote
More by John F. Kennedy
See allResonant Thoughts
"Throughout their early stages the movements of civilization—for, properly speaking, there was no one movement—were very slow, were local in space, and were partial in the sense that each developed alo…"
"There was no time during the rebellion when I did not think, and often say, that the South was more to be benefited by its defeat than the North. The latter had the people, the institutions, and the t…"
Explore Further
Related Quotes
"There were some dark days in school. Some people still made fun of me for my videos. I tried to hold on to …"
— Austin Mahone"So, whether or not how dramatic this change will be, or is, what it’s caused by, are things that honest peo…"
— Dana Rohrabacher"Holy Joe: And on the day of judgment everything will be replayed, even your thoughts"
— Jack T. Chick"There is nothing the country needs so much as another Wesley or Whitefield...To-day the world seems more ir…"
— Stanley Baldwin"Happy birthday, Idol. You can be assured that, as one of your movies says, "Hindi Pa Tapos Ang Laban!"
— Francis Escudero"Representative Tulsi Gabbard has made reforming United States foreign policy, particularly ending what she …"
— Kevin Gosztola