Hvor højt tror du staten er parat til at lade topskatten stige til? The Kennedy Tax Cuts of 1963–1964 In early 1963, the top marginal individual income tax rate in the United States stood at an extraordinary 91 percent—a legacy of the exceptionally high tax rates established during and after World War II. President John F. Kennedy proposed a sweeping tax overhaul, arguing that excessively high marginal rates were holding back private investment, risk-taking, employment, and economic growth. His original proposal would have reduced individual income tax rates across the board, lowering them from a range of 20–91 percent to 14–65 percent. It also called for reductions in corporate tax rates and stronger incentives for investment. Kennedy’s administration explicitly argued that lower tax rates would stimulate private economic activity, increase investment, and expand production and employment. The goal was not simply to reduce taxes, but to remove what Kennedy called the “heavy drag” that the existing tax system placed on private initiative. (Fraser) The proposal faced substantial opposition in Congress, particularly because of concerns about its fiscal implications and accompanying tax reforms. Nevertheless, the business community and many economic organizations strongly supported the central idea of substantial rate reductions. (Fraser) Kennedy did not live to see his proposal enacted. After his assassination in November 1963, President Lyndon B. Johnson made passage of the legislation a priority. The final measure, the Revenue Act of 1964, reduced the top marginal tax rate from 91 percent to 70 percent and substantially lowered individual and corporate tax rates. (Fraser) The economy subsequently entered a powerful and sustained expansion. Contemporary economic analyses attributed a significant portion of the improvement in production, employment, investment, and tax revenues to the cuts, although monetary policy and other factors also contributed. (Judiciary Committee)
This morning, as Russian strikes hit near his office, I spoke with Prime Minister @KoretskyiUA about the reforms needed to advance Ukraine’s EU path and its financing needs for the coming months. Even under intense attack, Ukraine keeps working for its European future. We will https://t.co/ZMEDBr5bqq #Ukraine #EUIntegration #RussianStrikes #UA #RU #EU
Getting regulation right can unlock stronger growth. At a time when many economies face constraints, our G20 report shows how smart regulatory and institutional reforms can boost investment, raise productivity, and expand opportunity. Read more: https://t.co/54lri5npBC https://t.co/5ezTSzPFYp #G20 #Regulation #EconomicGrowth #G20
Eventuell hat der SPD-geführte Teil der Regierung auch einfach fertig, wenn der Reformsommer darin bestehen soll, Smoothies, Zero-Getränke und Studentenmilch zu verteuern. #Reformen #Politik #Lebensmittelpreise
The U.S. still has to undertake such reforms if it wants to keep standing as the preeminent military power. Iran had seriously challenged that perception, as predicted. A painful lesson for the U.S. #MilitaryReform #USPower #IranChallenge #US #IR
An article from The Economist points out that Ukraine needs pressure from the EU to force its government to implement the necessary reforms for membership, which is illustrated by a recent agreement on funding cooperation in the production of drones and rockets. (translated)
🇲🇪 MONTENEGRO: COMPLETE THE EU TO-DO LIST NOW Montenegro remains the frontrunner for EU membership—but accession requires more than technical reforms. It requires responsibility, reconciliation and a clear European foreign policy. I call on the Government of Montenegro to act https://t.co/x5TbP4TYVf #Montenegro #EUmembership #Reforms #ME
Serbia must not hold Europe's future hostage. Ukraine and Kosovo have demonstrated their commitment to Europe's future under the most difficult circumstances. Their path toward the European Union should be accelerated. EU enlargement should reward countries that advance reforms, https://t.co/FddysxF2yN #Serbia #EUEnlargement #UkraineKosovo #RS #UA #XK
‘Cockroach’ protests: India’s Modi views backing down as a sign of weakness, particularly now that he no longer commands the parliamentary majority he enjoyed. No major reforms in agriculture, energy, the economy. Skyrocketing unemployment https://t.co/234vHNbufo #IndiaPolitics #Modi #Unemployment #IN
We owe our students more than outrage. We owe them answers, reforms and accountability. That is exactly what our government remains committed to delivering.
We owe our students more than outrage. We owe them answers, reforms and accountability. That is exactly what our government remains committed to delivering.
Very good phone call with @KoretskyiUA. We will continue cooperating closely on reforms that move Ukraine’s EU accession process forward. Our Drone Deal will harness the EU’s industrial strength to produce Ukraine’s most innovative defence equipment at speed and scale. We also #Ukraine #EUAccession #DefenseReform #UA #EU
Revealed: how Copa Cogeca, Europe’s most powerful farming lobby killed EU’s pesticide law. It delayed, gutted and overturned some of the most sweeping farming reforms in EU history, including a plan to cut pesticide use in half https://t.co/pcJ0Ia3ywE #CopaCogeca #EUpesticideLaw #FarmingReform #EU
Congratulation to Moldova and @sandumaiamd on delivering reforms, that are much needed for the country and at the same time opening already the second EU negotiation cluster 👏 Congratulations to Daniela @MDAmbEU and her team for making Brussels and EU institutions aware of #Moldova #EUReforms #EuropeanIntegration #MD
Albania has closed its first three negotiating chapters: research and innovation, education and culture, and external relations. These are areas where Albania is joining the European family in practice. We now count on Albania to maintain momentum and double down on reforms, https://t.co/KVnZLwDgIv #Albania #EuIntegration #Reforms #ALB
Every step towards EU enlargement makes Europe stronger. Today's opening of Cluster 6 for Ukraine and Moldova unlocks the transformative power of EU accession through reforms that bring both countries closer to membership. The remaining negotiation clusters should now follow https://t.co/TyvafkCmvb #EUnenlargement #Ukraine #Moldova #UA #MD
Montenegro has now closed more than half of its negotiating chapters. On this Super Tuesday for Enlargement, it closed the chapters on Competition Policy and the Customs Union, bringing the total to 18 out of 33 negotiating chapters. Reforms under these two chapters mean https://t.co/QU07mzXDng #Montenegro #EUEnlargement #NegotiatingChapters #ME
🇦🇿 Azerbaijan in the EU by 2034 🇪🇺 A European Azerbaijan would strengthen peace, prosperity, connectivity, and energy security across the South Caucasus. A clear roadmap can begin today: 🇦🇿 Apply for EU membership. ⚖️ Advance reforms in the rule of law and democratic https://t.co/SwYk3TbPMd #Azerbaijan #EUMembership #SouthCaucasus #AZ #EU
🇹🇷 Turkey in the EU 2034 🇪🇺 A European Turkey would strengthen both Europe and Türkiye. A credible path to EU membership by 2034 means: 🇹🇷 Democratic reforms ⚖️ Rule of law and judicial independence 🕊️ Peaceful regional cooperation 💶 Economic integration and prosperity 🛡️ A https://t.co/r8sZ81AUsf #TurkeyEU2034 #DemocraticReforms #EconomicIntegration #TR #EU
🇲🇩 Moldova in the EU 2029 🇪🇺 Moldova has chosen the European path. The future is freedom, democracy, security and prosperity in the European family. By 2029, Moldova can become a full member of the European Union through determined reforms, the rule of law, economic modernization https://t.co/LU1RiSZSmi #Moldova #EuropeanUnion #2029 #MD #EU
