Can you place this quote?
"This administration pledged itself last summer to an across-the-board, top-to-bottom cut in personal and corporate income taxes to be enacted and become effective in 19##."I'm not talking about a quickie or a temporary tax cut, which would be more appropriate if a recession were imminent; nor am I talking about giving the economy a mere shot in the arm to ease some temporary complaint. I am talking about the accumulated evidence of the last # 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."
If you said John Kennedy, congratulations! If this is a surprise to you, be sure to read Dennis Prager's "What makes a liberal? Part II" He does a great job of showing the shift of ideas and ideals as liberalism was overtaken by the Left.
I linked to Part I of this essay earlier, be sure to read them both.
(Hat Tip to TCHOTP)
Posted by Vox at August 20, 2003 11:44 AM | politics