December 7, 2013

Letter: Another tool of big business?

— I would like for Mr. Bean to read the next four quotes from a “tool” of big business:

“It is a paradoxical truth that tax rates are too high and tax revenues are too low and the soundest way to raise the revenues in the long run is to cut the rates now ... Cutting taxes now is not to incur a budget deficit, but to achieve the more prosperous, expanding economy which can bring a budget surplus.”

“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 reduced — flow of revenues to the federal government.”

“Our tax system still siphons out of the private economy too large a share of personal and business purchasing power and reduces the incentive for risk, investment and effort — thereby aborting our recoveries and stifling our national growth rate.”

“A tax cut means higher family income and higher business profits and a balanced federal budget. Every taxpayer and his family will have more money left over after taxes for a new car, a new home, new conveniences, education and investment. Every businessman can keep a higher percentage of his profits in his cash register or put it to work expanding or improving his business, and as the national income grows, the federal government will ultimately end up with more revenues.”

The first quote was from November 1962. The second from January 1963. The third is also from January 1963. The fourth is from September 1963. And, no, these quotes are not from the Koch Brothers, you know those two guys that have stolen from the poor (that statement always bumfuzzles me) for oh, so many years.

No, these quotes are by John F. Kennedy.

I guess Mr. Bean would never have voted for JFK, what with him having had such pro-business principles. But Mr. Bean’s “Republicans evil, Democrats good” philosophy will never let him open up his eyes to a philosophy that works. And he will never admit that American workers and business are absolutely taxed enough already.

Doug Hammontree