1NameUnit nameUnit codeDateKennedy revenue plan analysisIntroductionTax cut is one of the expansionary fiscal policies go for by government to stimulate economic growth . This put on character of insurance form _or_ system of government was industrious when john F Kennedy assumed post and has since worked four quantify in America during the 1960s and mid-seventies , 1981-82 , and in 2002-2004 . dickens who then headed the council of economic advisers was a fast advocate of tax cut because he believed that it was the best form _or_ system of government to adopt during catamenia of economic downturn . Heller was of the status that tax decline should be employed when a opening night reveal actual and potential performance of the economy . He matt-up that annex in the rate of employment and make content product was bet ter off irrespective of an change order in inflation .
In addition , Heller believed that both deficit created through reduced taxes would be cleared from an enlarge in tax revenue resulting from an expanded economyIn 1963 Kennedy sent a message to congress outlining his tax-cut plan but he was useless to push a greenback through congress . His rehabilitation , Lyndon Johnson , upon taking office was able to pass the tax file (revenue act of 1964 , popularly as Kennedy Johnson tax cut . In 1964 there was a tax cut amounting to 14 trillion which was followed by 11 billion in 1965 . 2Such a policy can be descri bed as a Keynesian approach aimed at manipul! ating aggregate demand in to give suck the economy at full employment level (Ernest...If you indigence to get a full essay, order it on our website:
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