The Kennedy Tax Cut, enacted in 1964 after his death, was the first su
The Kennedy Tax Cut, enacted in 1964 after his death, was the first supply-side tax cut used in U.S. history. Its intent was to stimulate the economy by reducing tax rates in order to do what?
(a) Reduce supply
(b) Increase production, employment and disposable income
(c) Increase government spending
(d) Increase the money supply
ANSWER
(b)
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