Compare And Contrast Kennedy And Reagan's Views On Tax Policy
Today we dive into the depth of two different president’s views on Tax policy and compare and contrast. The president's i’ve chosen are some of the most recognizable presidents in modern history. I chose John F. Kennedy and Ronald reagan with different party backgrounds to see what we’d find. First we should know what tax policy really shows about a president and why it’s even important. Tax policy is a key concept in government that deals with what a president decides on what taxes to levy or what taxes to impose all tax aspects in their turn of office. Keep in mind of the time periods these presidents were in and how they approached taxes back then.
Ronald Reagan is known fanatically for his views on tax policy, giving his actions on tax the nickname “Reaganomics”. Reagan was a smooth communicator who would raise his concerns on tax and policies. John Kennedy was of the same variety as Reagan. …show more content…
Kennedy had his plans rejected by congress and Reagan’s ideas on tax were passed. Kennedy was not on the same page as Reagan when it came to a working plan on tax. The congress of kennedy’s didn’t align with his thoughts of taking tax cuts to stimulate economic growth. Reagan also seemed to propose the right plan because of its effectiveness. Reagan’s plan would systematically prove to be one of the greatest tax plans. The tax policies of both Reagan and John F. Kennedy were very different. Kennedy had a different way of approaching taxes than Reagan. Reagan had his thoughts on tax policy relatively agreeable while some would say Kennedy knew less on economics. The focus of the two presidents was key in their tax policy. While both plans focused on the well being of the country kennedy’s plan was created around a time of recession. Using tax cuts to stimulate growth in economy was not favored by congress at the time of John F.
Ronald Reagan is known fanatically for his views on tax policy, giving his actions on tax the nickname “Reaganomics”. Reagan was a smooth communicator who would raise his concerns on tax and policies. John Kennedy was of the same variety as Reagan. …show more content…
Kennedy had his plans rejected by congress and Reagan’s ideas on tax were passed. Kennedy was not on the same page as Reagan when it came to a working plan on tax. The congress of kennedy’s didn’t align with his thoughts of taking tax cuts to stimulate economic growth. Reagan also seemed to propose the right plan because of its effectiveness. Reagan’s plan would systematically prove to be one of the greatest tax plans. The tax policies of both Reagan and John F. Kennedy were very different. Kennedy had a different way of approaching taxes than Reagan. Reagan had his thoughts on tax policy relatively agreeable while some would say Kennedy knew less on economics. The focus of the two presidents was key in their tax policy. While both plans focused on the well being of the country kennedy’s plan was created around a time of recession. Using tax cuts to stimulate growth in economy was not favored by congress at the time of John F.