An examination of the history of investment tax credit, origins in the Kennedy administration, modifications in the 1992 campaign, and various economists' perceptions of the viability of the tax.
Written in 1992; 2,025 words; 12 sources; $ 71.95
From the Paper:
"The recent presidential election hinged very much on economic issues, and both candidates focused on economic matters in differing degrees. This discussion involved several themes, notably rebuilding the weak economy and addressing the issue of the deficit at the same time. Whether this is even possible or not is uncertain. A theme in the Democratic candidates' campaigning was a change in tax policy, and here again there were several specific strands to this theme. The candidate called for increased taxes on the wealthy and reduced taxes on the middle class. He called for the use of the investment tax credit as part of an overall tax reform package. The tax policies promoted by Bill Clinton are reminiscent of the tax policies of John F. Kennedy in 1960, and the consequences for Kennedy were business mistrust and uncertainty such as is already being seen by Clinton..."
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