The Economy: The Tax-Cut Decision

John Kennedy has a way of making decisions privately, then allowing himself to be publicly prodded into doing what he planned all along. The best example was his strategy in ordering a renewal of U.S. nuclear testing: he made up his mind to test after the Russian blasts began, then waited to announce U.S. resumption until almost every segment of the nation was behind his decision. Last week it seemed to many in Washington that he was applying the same strategy to a tax cut. The theory was strong, among his advisers and...

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