The JFK-Trump Tax Cut

Back in June of 1993 on both the radio and Rush Limbaugh the TV show, we unearthed a speech, incredible words uttered by then President Kennedy to the Economic Club of New York a year and a half before his assassination. Actually, it was less than that. It was in December in 1962. And I even said back then that there are a lot of people in the audience who were born after John Kennedy was assassinated in 1963, too young to remember much except the lionized Camelot portrayal of JFK.

Well, there is a PAC or a group here that has incorporated some of the remarks JFK made in that speech into an ad. This is the Committee to Unleash Prosperity and the Freedom Works Foundation. They’ve released a new ad that features some of the things that JFK said in this speech to the Economic Club of New York in 1962. And this ad is to facilitate public understanding of the Trump and Republican tax cut bill.

ANNOUNCER: Remember when Democrats knew cutting taxes creates jobs? They should listen to President Kennedy, who in 1962 said this.

KENNEDY: We can take the proper actions in the proper time. This can be the most important step we could take to prevent another recession. That is the right kind of a tax cut, both for your family budget and the national budget, resulting from a permanent basic reform and reduction in our rate structure, a creative tax cut creating more jobs and income and eventually more revenue. Every dollar released from taxation that is spent or invested will help create a new job and a new salary. And these new jobs and new salaries can create other jobs and other salaries.

ANNOUNCER: Do the Democrats in Congress today really like writing welfare checks more than creating paychecks? Doesn’t Heidi Heitkamp understand a JFK-Trump tax cut will create jobs in North Dakota? Paid for by the Committee to Unleash Prosperity and Freedom Works Foundation, Washington, D.C

RUSH: It’s really effective, because that is JFK, and that was from his speech at the Economic Club of New York in 1962. And he even went through the details that you think you’re listening to a precursor of Ronaldus Magnus with a detailed explanation of what happens when you reduce marginal rates, and that’s what he was talking about here.

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