Trick or Treat for Democrats

by | Oct 28, 2008 | Notes

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Lower rates of taxation will stimulate economic activity and so raise the levels of personal and corporate income as to yield within a few years an increased–not a reduce–flow of revenues to the federal government. … The present tax codes … inhibit the mobility and formation of capital, add complexities and inequities which undermine the morale of the taxpayer, and make tax avoidance rather than market factors a prime consideration in too many economic decisions.

— John F. Kennedy

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