Richard Nixon on Tax Reform
President of the U.S., 1968-1974
KENNEDY: That's right.
Q: Is this what you have in mind?
KENNEDY: I don't think that in 1961 under present economic conditions that a tax increase would be desirable. In fact, it would be deflationary; it would cause great unemployment; it would cause a real slowdown in our economy. If it ever becomes necessary, and is wise economically and essential to our security, I would have no hesitancy in suggesting a tax increase.
NIXON: I think it may be necessary that we have more taxes. I hope not. I hope we can economize elsewhere so that we don't have to. But I would have no hesitation to ask the American people to pay the taxes even in 1961--if necessary--to maintain a sound economy and also to maintain a sound dollar. Because when you do not tax, and tax enough to pay for your outgo, you pay it many times over in higher prices and inflation; and I simply will not do that.
|Other past presidents on Tax Reform:||Richard Nixon on other issues:|
George W. Bush(R,2001-2009)
George Bush Sr.(R,1989-1993)
John F. Kennedy(D,1961-1963)
Harry S Truman(D,1945-1953)
Past Vice Presidents:
Natural Law Party