Essay On John F Kennedy's Tax Policy

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Tax Policies are very important in the United States Of America like to the people. People living in the United States have to do their taxes and they’re based on the Income they earn throughout the year. They make their taxes based on the policies of the President of the United States. Many different presidents have different taxes policies throughout their Presidency. John F Kennedy served as the 35th president of the Unites States and he had his own Tax policy. Also George W. Bush was the 43rd President of the United States who had his own tax Policy.
To begin with, John F Kennedy, President of the United States from January 1961 until his assassination in November 1963. John F Kennedy was the youngest president served for the Country. John F Kennedy goal was to set a $13.5 billion tax cut through a reduction of the top income tax rate 91% to 65%. John F Kennedy brought up the tax issue to fix it and have a better economy. Also he made a reduction of the bottom rate from 20% to 14%. His last reduction was on the corporate tax rate from 52% to 47%. About 60% of Americans favored John F Kennedy tax plan. …show more content…

His goal was to pass the tax cuts to make the country better. John F Kennedy main goals was to raise personal incomes, increase capital investments and increase consumption. John F Kennedy wanted people to have a better life and have money leftover to buy good things for themselves. He wanted Higher Family income and higher business's income to grow and be able to have better stuff. Also he wanted the education to be better for all the Americans in the United States. John F Kennedy was assassinated and Lyndon B. Johnson took over and completed Kennedy’s goal to be able to pass the taxes also known as Tax Reduction Act on February 26, 1964. The individual income tax were cut to approximately

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