Tax Cutting Presidents

From the Small Business and Entrepreneurship Council weekly newsletter…

Five presidents cut taxes substantially over the past century. Warren G. Harding and Calvin Coolidge did so in the 1920s. John F. Kennedy proposed a major tax cut in the early 1960s, implemented after his death. In the 1980s, Ronald Reagan aggressively pursued tax relief, and our current president, George W. Bush, has reduced taxes. In each case, the economy reacted positively.

And these wise yet forgotten statements from Thomas Jefferson…

 

In the end, President Thomas Jefferson may have best summarized government’s proper role. In his first inaugural address, he stated that a “wise and happy people” need “a wise and frugal government, which shall restrain men from injuring one another, which shall leave them free to regulate their own pursuits of industry and improvement, and shall not take from the mouth of labor the bread it has earned.” We’ve strayed far from such common sense.

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