The tax cut of 1964 (proposed by President Kennedy)

Question

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The tax cut of 1964 actually increased investment, consumption, and employment, and was generally seen as successful in stimulating economic growth. It was not the last time fiscal policy was used, nor was it the greatest failure as a demand-management tool. It did not shift the aggregate demand curve leftward and was not the first time the focus moved away from managing aggregate demand to focus exclusively on aggregate supply.

The Tax Cut of 1964 (Proposed by President Kennedy)