The tax cut of 1964 (proposed by President Kennedy):

Question

Quizplus · Accepted Answer

The tax cut of 1964, also known as the Revenue Act of 1964, was proposed by President Kennedy but was signed into law by President Johnson after Kennedy's assassination. The tax cut reduced personal and corporate income tax rates, which led to an increase in investment, consumption, and employment. This resulted in an expansion of the economy, indicating that the tax cut was successful in managing demand. Therefore, option C is the correct answer.

The Tax Cut of 1964 (Proposed by President Kennedy)