Robert F. Kennedy Jr.'s departure from (or is it expulsion from) the Democratic Party is just the latest sign that there are no more JFK Democrats left in power within the party.
President John F. Kennedy A staunch anti-Communist Fought Against labor unions He accused the government of corruption. Pro-Life Catholic. He was focused on accelerating growth (“We can do more“And I saw the cleaning Lowering tax rates As a step towards achieving 4% to 5% growth.
Democrats now support higher taxes, they ignore and tolerate unions and government corruption, and they don't even talk about economic growth. It's all about redistribution of income.
They should heed the wise words of Kennedy, circa 1960-1963: He made the famous declaration“It's a contradictory truth that taxes are too high and tax revenues are too low, and the most sound way to increase tax revenues in the long run is to lower tax rates now.”
Sadly, you can count on one hand the Democrats in Washington today who believe that. JFK called for lowering income and capital gains taxes. Vice President Kamala Harris Raise these taxes – include Doubling Capital Gains Tax.
Now, let me talk about RFK Jr. I don't agree with many of his positions, but he's right that Democrats undemocratically removed him from the state's ballot, and he's right about the incestuous relationship between big government and big business.
I asked him about taxation at dinner the other day and he replied, “I learned it from my uncle. [JFK] “Cutting taxes increases prosperity”
Vice President Kamala Harris has never learned this lesson. She should learn the lessons of history. After the JFK tax cuts, 90% to 70% and Capital gains tax reduction 30% The economy boomed Tax revenue It rose sharply.
Kamala and my Democratic friends are the subject of Larry Kudlow and Brian Domitrovich's excellent book, “JFK and the Reagan Revolution.”
The book shows that tax revenues increased after the Reagan tax cuts (modeled on the JFK plan). What's notable about these two historical events is that the share of taxes paid by the wealthy rose That was the “paradoxical truth” JFK foresaw after tax rates were lowered.
JFK said,A rising tide floats all boatsThat's a far cry from today's Democratic Party message of “suck the rich up.”
RFK Jr. was right that he didn't leave the Democratic Party; the Democrats left him, and sadly, the Democrats left behind the policy legacy of his famous uncle, who would likely be a Republican today.
Stephen Moore is a senior fellow at the Heritage Foundation, co-founder of Unleash Prosperity, and economic adviser to Donald Trump.
The views and opinions expressed in this commentary are those of the author and do not necessarily reflect the official position of the Daily Caller News Foundation.
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