John F. Kennedy Quotes About Income Tax

• The final and best means of strengthening demand among consumers and business is to reduce the burden on private income and the deterrence to private initiative which are imposed by our present tax system, and this administration pledged itself last summer to an across-the-board, top-to-bottom cut in personal and corporate income taxes to be enacted and become effective in 1963.

  John F. Kennedy

  Summer, Mean, Cutting

  Address to the Economic Club of New York, delivered 14 December 1962, Waldorf Astoria Hotel, New York

• [High income tax rates] not only check consumption but discourage investment and encourage...the avoidance of taxes [rather] than the production of goods.[...]Our present tax system...reduces the financial incentives for personal effort, investment, and risk-taking.

  John F. Kennedy

  Effort, Risk, Incentives

• An across-the-board, top-to-bottom cut in personal and corporate income taxes ... to expand the incentives and opportunities of private expenditures.

  John F. Kennedy

  Cutting, Opportunity, Incentives

• We also need the provisions in the tax bill that will permit working mothers to increase the deduction from income tax liability for costs incurred in providing care for their children while the mothers are working. In October the Commission on the Status of Women will report to me. This problem should have a high priority, and I think that whatever we leave undone this year we must move on this in January.

  John F. Kennedy

  Mother, Children, Moving

  Kennedy, John F. (1964). “Public Papers of the Presidents of the United States: John F. Kennedy, 1963”, p.465, Best Books on

• In those countries where income taxes are lower than in the United States, the ability to defer the payment of U.S. tax by retaining income in the subsidiary companies provides a tax advantage for companies operating through overseas subsidiaries that is not available to companies operating solely in the United States. Many American investors properly made use of this deferral in the conduct of their foreign investment.

  John F. Kennedy

  Country, United States, Income

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