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[LibertyBell7]

64. Kennedy (bit of Right Wing talking point there...)

First: On general principles (and relating to Golden Age nostalgia), the US was formed by slave-holding, land-owning gentry white men, and we've struggled with that devil over our shoulder for the entire 237 since our founding. That said, there are worst times and better times, and the mid-50s through the 70s may have been our best times.

To the point that things were all good until Kennedy cut taxes on the wealthy? that is a bit of a Right-Wing trope trotted out to demonstrate that the (failed/failing) Supply-Side concept actually started with a Democrat many revere as transformative. I grant he did propose legislation (passed after he was killed) that dropped rates on those with annual earnings above $400,000 from 91% (Put in place by the Republican President Eisenhower) — to 70%...

As Slate's writer David Greenberg said of that cut, &quot It was) hardly the mark of a future Club for Growth member." (Greenberg writes a fine analysis piece at Slate on the whole topic @ http://www.slate.com/articles/news_and_politics/history_lesson/2004/01/tax_cuts_in_camelot.html .)

In that article, Greenberg notes that:

The plan Kennedy's team drafted had many elements, including the closing of loopholes (the "tax reform" Kennedy spoke of).Ultimately, in the form that Lyndon Johnson signed into law, it reduced tax withholding rates, initiated a new standard deduction, and boosted the top deduction for child care expenses, among other provisions.

Could you even imagine the war-cries that would erupt from K Street if anybody proposed returning to Kennedy-era taxes on the rich?

Sorry. This transfer of wealth didn't begin until Reagan.