Edward M. Kennedy, Jr. has sent a letter to Linda McMahon asking her to stop using his uncle, John F. Kennedy, in this ad:
Says Kennedy:
Your ad falsely implies that President Kennedy would support tax cuts for the same reasons that you do. However, in 1963, when President Kennedy called for a reduction in taxes, the U.S. economic scenario was extremely different than it is today. In 1963 there was virtually no deficit and the top tax rate was 91% for income over $400,000. Today, the annual U.S. deficit is nearly $1.5 trillion and the top tax rate is 35% for income over $372,500.
Ed Patru, spokesman for McMahon, responds in an e-mail:
Kennedy proposed across-the-board tax cuts because he recognized that a high tax “reduces the financial incentives for personal effort, investment and risk-taking.” That was the case 47 years ago, and it’s the case today. And it’s worth remembering that when Kennedy proposed those cuts in 1963, he had plenty of opposition in his own party from big-government politicians like Dick Blumenthal who today are calling for not only higher taxes on businesses, but also a massive middle class energy tax.
Ted Kennedy, Jr. and Dick Blumenthal both support higher taxes; Linda supports tax cuts. They just have a philosophical difference.
(Hat tip: Capitol Watch.)






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