Bill Clinton: You're No John F. Kennedy - Taxes & The Economy, by David Lantz

Taxes and the Economy


"The American people will know we are not going to raise their taxes until we cut spending."		"Let us trust no one who offers slick and easy answers."

KENNEDY: Warning Against Putting off a Tax Cut

And finally, there are no doubt some who would prefer to put off a tax cut in the hope that ultimately an end to the cold war would make possible an equivalent reduction in Government expenditures - but that end is not in view, and to wait for it would be costly and self-defeating.

In submitting a tax program which will, of course, temporarily increase the deficit, but can, I believe, ultimately end it - and in recognition of the need to control expenditures - I will shortly submit a fiscal 1964 administrative budget which, while allowing for needed rises in defense, space, and fixed interest charges, holds total expenditures for all other purposes below this year's level.

John F. Kennedy, State of the Union
Washington, D.C.,
January 14, 1963

CLINTON: Warning Against Putting Off a Tax Increase

For the wealthiest - those earning more that 180,000 dollars per year, I ask you to raise the top rate for federal income taxes from 26 to 31 percent. Our plan recommends a ten percent surtax on incomes over 250,000 dollars a year. And we will close the loopholes that let some get away without paying any tax at all....

Tonight, the American people know we must change. But they are also likely to ask whether we have the fortitude to make those changes happen.

They know that, as soon as we leave this Chamber, the special interests will be out in force, trying to stop the changes we seek. The forces of conventional wisdom will offer a thousand reasons why it can't be done. And our people will be watching and wondering to see if it's going to be business as usual again.

Bill Clinton, State of the Union
Washington, D.C.
February 17, 1993

If Kennedy hadn't cut taxes
30 years ago, we wouldn't
have to raise 'em now.

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