All tagged internal revenue

What happened when JFK lowered taxes?


Conservatives generally seize on the notion that John F. Kennedy cut taxes.

Liberals tend to scoff at this idea, stating why the situation was different.

Let’s examine the facts, looking for balance. It was 1960, and the country was in the middle of a recession caused mainly by the Fed raising the funds rate sharply (they were concerned about inflation as GDP growth in 1959 had been 6.9 percent.