(National Sentinel) Taxes: Many have said that if President John F. Kennedy were young and alive and running today, he would be a conservative, not a liberal, at least in the fiscal sense.
When JFK was in office in the early 1960s he argued for lower taxes. Since he served, however, per capital taxes have consistently gone up, in order to support big, fat, bloated, inefficient government.
As reported by CNS News:
In 1961, the fiscal year Kennedy was elected, the federal government collected about $94.388 billion in taxes, according to the Office of Management and Budget. The population that year was about 183,691,481, according to the Census Bureau. That meant federal tax revenues equaled about $514 per capita — or $4,121 in 2016 dollars.
By 1965, the fiscal year Lyndon Johnson beat Barry Goldwater, the federal government collected about $116.817 billion in taxes from a population of about 194,302,963. That year federal taxes equaled about $601 per capita — or $4,578 in 2016 dollars.
In fiscal 2016, according to OMB, the federal government collected about $3.268 trillion in taxes. That equaled about $10,114 for each of the 323,127,513 people in the country.
Per capita federal taxation in fiscal 2016 was 121 percent more than it was in 1965 and 145 percent more than it was in 1961.
When JFK took office in January 1961, the federal government federal taxes ate up 17.2 percent of gross domestic product (GDP); by the end of this year, that will have climbed to 18.1 percent, according to the Office of Management and Budget (OMB).
In 1961 the economy grew at about 2.8 percent, roughly last year’s growth. But Kennedy wanted more, and he believed the way to achieve it was through lower taxes on earners.
“The final and best means of strengthening demand among consumers and business is to reduce the burden on private income and the deterrents to private initiative which are imposed by our present tax system,” Kennedy said in a Dec. 14, 1962 speech to the Economic Club of New York.
“I am not talking about a ‘quickie’ or a temporary tax cut, which would be more appropriate if a recession were imminent,” Kennedy said. “Nor am I talking about giving the economy a mere shot in the arm, to ease some temporary complaint.”
Today, President Donald J. Trump thinks the same way as Kennedy. One of his main first-term goals is dramatically reforming (and lowering) tax burdens – on corporations, small businesses and individuals – for the same reason, to give the people more of their own money to spend.
Too few in Congress want to help him achieve that goal, and many of his opponents on tax reform are the same dirtbags (in both parties) who believe that the federal government, not you and your doctor and insurance company, ought to “manage” your health care, despite the fact that premiums are through the roof and out-of-pocket costs like deductibles give tens of millions of Americans “coverage” in name only.
We’re overtaxed, micro-managed and under-served by the non-statesmen and non-stateswomen in Congress. The country elected Trump – a non-politician – and still the idiot brigades in D.C. don’t get that the masses have had enough.
What will it take?