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Kennedy Tax Plan Aims At Broad Reductions In 1963
Kennedy outlined a comprehensive tax plan to cut tax rates, broaden the base, and trim the upper brackets. He proposed lowering individual rates, reducing withholding, and revising capital gains while preserving essential deductions for families and research. The plan includes lowering corporate rates, adjusting surtaxes, and expanding credits for dependents and working mothers. The Treasury would project net tax reductions across income groups, with strategic offsets and faster revenue collection. The proposals target growth, equity, and simplification amid ongoing debate in Congress.
MENTIONED IN THIS ARTICLE
Medy
Hsax
Kennedy
Shi
Congress
Sarbanes Great
Kennaty
Treasury