Pres. Kennedy's of the Union speeches: on Corporations

Shift tax payments of large corporations to a current time

[With other measures], this net reduction in tax liabilities of $10 billion will increase the purchasing power of American families and business enterprises in every tax bracket, with greatest increase going to our low-income consumers. I do not say that a measure for tax reduction and reform is the only way to achieve these goals.

• No doubt a massive increase in Federal spending could also create jobs & growth--but, in today's setting, private consumers, employers, & investors should be given a full opportunity first.
• No doubt a temporary tax cut could spur our economy--but a long run problem compels a long-run solution.
• No doubt a reduction in either individual or corporation taxes alone would be of great help--but corporations need customers and job seekers need jobs.