2023 marks the 60th anniversary of House passage of President John F. Kennedy’s historic tax cuts. Kennedy throughout 1963 consistently emphasized U.S. competitiveness as the key reason to reduce our corporate, personal, and capital gains taxes.
The deeply internalized philosophical contrast between the two men is striking. Kennedy repeatedly spoke of how a reduced tax burden would allow Americans to keep more of what they earn and would harness the industriousness of the American people. Biden on the other hand seems angry at successful individuals and businesses.