President Kennedy last week tossed in the towel on tax reform in 1963. Then, too late, he tried to retrieve it.
Appearing before some 300 delegates of the esteemed American Bankers Association gathered for a symposium in Washington's Mayflower Hotel, Kennedy made it eminently clear that he cares far more about a tax cut than tax reform.
Viewing the Crop. Soaring to metaphoric heights, the President urged that all Americans get together behind his new program. "Tax reduction," he said, "will not be passed if each economic group continues to treat growth...
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