Re: President Kennedy's Foreign Policy
Posted: Tue Dec 25, 2018 3:24 pm
sgt_doom
Oct. 10 2016, 6:34 p.m.
Great and most important article.
Let’s go back a few decades, and President Kennedy has just gotten passed legislation called the Interest Equalization Tax, meant to encourage investors in investing in America, instead of overseas.
Next, on October 16, 1963, Rep. Wright Patman introduces the Patman Report to congress, a report on foundations and trusts and how they allow the super-rich to hide their ownership and wealth. This will provide ammunition for Kennedy’s proposed action to tax offshore monies of the super-rich. [The Patman Report: Tax-Exempt Foundations and Charitable Trusts: Their Impact on Our Economy]
On November 22, 1963, President Kennedy is murdered in Dallas.
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photosymbiosis ↪ sgt_doom
Oct. 10 2016, 8:14 p.m.
What was JFK really pushing for?
President John F. Kennedy brought up the issue of tax reduction in his 1963 State of the Union address. His initial plan called for a $13.5 billion tax cut through a reduction of the top income tax rate from 91% to 65%, reduction of the bottom rate from 20% to 14%, and a reduction in the corporate tax rate from 52% to 47%. The first attempt at passing the tax cuts was rejected by Congress in 1963. Conservatives revolted at giving Kennedy a key legislative victory before the election of 1964.
Sure, wealthy U.S. interests assassinated Kennedy because he boosted military spending and cut taxes on the wealthy and just loved Wall Street and the military-industrial complex too much. Some people will believe anything.
It’s just historical revisionism by the likes of Oliver Stone, sweet bedtimes stories for ‘liberals’ who need myths to believe in. JFK was a tool of the military-industrial complex, devoted to the war in Vietnam, servant of the wealthy and powerful – get over your misguided hero-worship, already.
Oct. 10 2016, 6:34 p.m.
Great and most important article.
Let’s go back a few decades, and President Kennedy has just gotten passed legislation called the Interest Equalization Tax, meant to encourage investors in investing in America, instead of overseas.
Next, on October 16, 1963, Rep. Wright Patman introduces the Patman Report to congress, a report on foundations and trusts and how they allow the super-rich to hide their ownership and wealth. This will provide ammunition for Kennedy’s proposed action to tax offshore monies of the super-rich. [The Patman Report: Tax-Exempt Foundations and Charitable Trusts: Their Impact on Our Economy]
On November 22, 1963, President Kennedy is murdered in Dallas.
↪ Reply
photosymbiosis ↪ sgt_doom
Oct. 10 2016, 8:14 p.m.
What was JFK really pushing for?
President John F. Kennedy brought up the issue of tax reduction in his 1963 State of the Union address. His initial plan called for a $13.5 billion tax cut through a reduction of the top income tax rate from 91% to 65%, reduction of the bottom rate from 20% to 14%, and a reduction in the corporate tax rate from 52% to 47%. The first attempt at passing the tax cuts was rejected by Congress in 1963. Conservatives revolted at giving Kennedy a key legislative victory before the election of 1964.
Sure, wealthy U.S. interests assassinated Kennedy because he boosted military spending and cut taxes on the wealthy and just loved Wall Street and the military-industrial complex too much. Some people will believe anything.
It’s just historical revisionism by the likes of Oliver Stone, sweet bedtimes stories for ‘liberals’ who need myths to believe in. JFK was a tool of the military-industrial complex, devoted to the war in Vietnam, servant of the wealthy and powerful – get over your misguided hero-worship, already.