THE JFK INVESTMENT TAX CREDIT

A few weeks ago I began to look into the economic performance of modern Presidents of the USA, and it was clear that Democrats performed better on the economy in terms of jobs, growth and debt than the Republicans who generrally destroy the economy and expect the Democrats to repair the economy, which they generally did.

Trump's favourite modern POTUS is Reagan, who is famous for slashing taxes for the rich, building the US military, and tripling the national debt. The latest Republican tax plan stinks of this.

One of the better performing economies was that under JFK and LBJ. EIR identify the Kennedy Investment Tax Credit as the driver of the 1960's US economy, which involved tax breaks for investment for growth rather than just slashing taxes for the rich hoping and/or expecting the rich to re-invest in growth, which is what Reagan did.

The investment credit was not the only component of Kennedy's economic agenda, or necessarily the dominant one. But it was a sound and imaginative innovation which, when meshed with the scientific cornucopia of the space program in its heyday, yielded stunning results.

[source : How the Kennedy tax credit plan propelled an era of growth, EIR, https://www.larouchepub.com/eiw/public/1990/eirv17n23-19900601/eirv17n23-19900601_021-how_the_kennedy_tax_credit_plan.pdf, 1st June 1990]

I just listened to Tarpley's World Crisis Radio in which he mentioned this Kennedy tax credit. Tarpley also mentioned other tax incentives that used to be in the tax plan but no longer are, such as tax relief for adopting a child, or sending employees on educational courses. Tarpley's understanding of the Trump tax plan is that it is just a smple slashing of taxes for the rich.