jfk

 JFK life



 
JFK, FBI Director Hoover,
Robert Kennedy
Domestic policy

Kennedy called his domestic program the "New Frontier".
It ambitiously promised federal funding for education, medical care for the elderly, economic aid to rural regions, and government intervention to halt the recession. Kennedy also promised an end to racial discrimination.

In his 1963 State of the Union address, he proposed substantial tax reform and a reduction in income tax rates from the current range of 20–90% to a range of 14–65%; he proposed a reduction in the corporate tax rates from 52 to 47%.
Kennedy added that the top rate should be set at 70% if certain deductions were not eliminated for high income earners.
Congress did not act until 1964, after his death, when the top individual rate was lowered to 70%, and the top corporate rate was set at 48% (see Revenue Act of 1964).

To the Economic Club of New York, he spoke in 1963 of "... the paradoxical truth that tax rates are too high and revenues too low; and the soundest way to raise revenue in the long term is to lower rates now."
Congress passed few of Kennedy's major programs during his lifetime, but did vote them through in 1964–65 under his successor Johnson.


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