Lower rates of taxation will stimulate economic activity and so raise the
levels of personal and corporate income as to yield within a few years an
increased -- not a reduced -- flow of revenues to the federal
government. ... The present tax codes ... inhibit the mobility and
formation of capital, add complexities and inequities which undermine the
morale of the taxpayer, and make tax avoidance rather than market factors a
prime consideration in too many economic decisions. -- JFK
No comments:
Post a Comment