Rush referred to this 1962 speech by Pres. Kennedy, pledging "across-the-board, top-to-bottom cut in personal and corporate income taxes" for the purpose of stimulating the economy.
Rush seems to have a case. But in fact, the top marginal tax rate in 1962 was 91% and JFK proposed lowering the top rate to 65% (compared to a top rate of 37% today). Similarly, the corporate tax rate in 1962 was 52% and JFK proposed lowering it to 47% (compared to a corporate rate of 15% today).
In the context of the much higher rates in 1962, cutting tax rates meant something very different than today--Rush presumably knew that context, and hence was lying about JFK's proposal. No politician of any party today would even consider RAISING tax rates to the LOWER levels proposed by JFK in 1962!
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The above quotations are from Presidential Primary Fact Checking by OnTheIssues.org.
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