Balance Quote by John F. Kennedy
“A tax cut means higher family income and higher business profits and a balanced federal budget…As the national income grows, the federal government will ultimately end up with more revenues. Prosperity is the real way to balance our budget. By lowering tax rates, by increasing jobs and income, we can expand tax revenues and finally bring our budget into balance.”
About This Quote
Source Speech: Economic Policy Address, 1962
Lower taxes stimulate growth, increasing income and profits, which ultimately raises government revenue and can balance the budget.
In simple terms: Tax cuts boost growth and revenue, helping balance the budget.
Key Takeaway
Use tax policy to spur economic activity.
Themes
economics
public policy
taxation
Mood
optimistic
analytical
Type
policy
economic
When to use this quote
- government budgeting
- business planning
- personal finance
- policy advocacy
Key Concepts
supply‑side economics
fiscal balance
Questions to Reflect On
- How reliable is growth‑driven revenue for balancing budgets?
- What safeguards prevent deficits despite tax cuts?
A Different Perspective
Assumes growth will automatically translate into sufficient revenue; may overlook spending pressures.
