What Corona Can Teach Us About Trickle-Down Economics

In spite of rumors, billionaire Corona beer founder Antonino Fernández's estate will not be distributed among the residents of his home town.

Photo by Scott Olson/Getty Images

Keep reading Show less

Larry Kudlow on Tax Cuts and the Democrat Hiding Within Reaganomics

Earners keepers? According to Larry Kudlow, there's a secret history behind the US's history of tax reduction and it involves John F. Kennedy.

On December 14 in 1962, at the Waldorf Astoria Hotel in New York City, President John F. Kennedy unveiled an economic plan that would breathe new life into the stagnant US economy. His focus was on growth incentives; he proposed reducing marginal tax rates for all taxpayers, cutting the lowest earners' taxes from 20% to 14%, and the highest earners' taxes from 91% to 65%. His tax code also closed a series of loopholes and tax exceptions. These measures worked, and the U.S economy grew by roughly 5% every year, for almost eight years.

Keep reading Show less