Search results
Results from the WOW.Com Content Network
The United States Revenue Act of 1964 (Pub. L. 88–272), also known as the Tax Reduction Act, was a tax cut act proposed by President John F. Kennedy, passed by the 88th United States Congress, and signed into law by President Lyndon B. Johnson. The act became law on February 26, 1964.
It was Kennedy's third and final State of the Union Address. Presiding over this joint session was House speaker John W. McCormack, accompanied by Vice President Lyndon B. Johnson, in his capacity as the president of the Senate. Kennedy's speech addressed various economic concerns, such as taxation policy.
We have done this through the 1962 investment tax credit and through the liberalization of depreciation allowances—two essential parts of our first step in tax revision which amounted to a 10 percent reduction in corporate income taxes worth $2.5 billion." President Kennedy went on to say he preferred tax cuts for the rich as well as the poor:
Main Menu. News. News
President John F. Kennedy was asked by many to address the public about the state of the economy, but he ultimately decided not to do so. Kennedy's advisors pushed for all sorts of remedies, from reducing the margin requirement to announcing a tax cut of $5–10 billion to holding a "fireside chat" and discussing the health of the economy.
In his speech, Kennedy called Americans to recognize civil rights as a moral cause to which all people need to contribute and was "as clear as the American Constitution." [44] He conveyed how the proposed legislation would lead the nation to end discrimination against African Americans. It would also provide equal treatment to all African ...
The speech from the American commander in chief maintained an economic theme, encouraging business leaders to take advantage of tax cuts by investing in the United States.
"In an honest system, I believe I would have won the election," Robert F. Kennedy Jr. said at a press conference in Phoenix today, where he announced he would be suspending his campaign in 10 ...