QUOTE OF THE DAY

"Our true choice is not between tax reduction, on the one hand, and the avoidance of large federal deficits on the other."  It is increasingly clear that...an economy hampered by restrictive tax rates will never produce enough revenues to balance our budget just as it will never produce enough jobs or enough profits." 

"In short, it is a paradoxical truth that tax rates are too high today and tax revenues are too low and the soundest way to raise the revenues in the long run is to cut the rates now."

President John F. Kennedy, in his Dec. 14, 1962 speech to the Economic Club of New York.