The Skim – Black & Blonde Media

Everyone blames the president, but its the congress that holds the purse strings. Ike had a democrat ran congress through the majority of his terms. Touting the taxes of the Eisenhower cabinet to attack lowering taxes is disingenuous when he inherited a post-world war economy.

"...reduction of taxes is a very necessary objective of government--that if our form of economy is to endure, we must not forget private incentives and initiative and the production that comes from it. Therefore, the objective of tax reduction is an absolutely essential one, and must be attained in its proper order.

But I believe, and I think this can be demonstrated as fact by economists, both on the basis of history and on their theoretical and abstract reasoning, that until the deficit is eliminated from our budget, there is no hope of keeping our money stable. It is bound to continue to be cheapened, and if it is cheapened, then the necessary expenses of government each year cost more because the money is worth less. Therefore, there is no end to the inflation; there is finally no end to taxation; and the eventual result would, of course, be catastrophe." - Eisenhower

Tax rates are still tax rates. We survived as a nation and economy with the tax rates.