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Table 2 compares these historic tax cuts to other federal fiscal.

Aug 24, Contrasting the size of the tax cuts with national income shows that the Kennedy tax cut, representing percent of income, was the single largest first-year tax-cut of the post-WW II era. The Reagan tax cuts represented percent of income while none of the Bush tax cut even breaks 1 percent of shrubdrop.buzzted Reading Time: 6 mins. Contrasting the size of the tax cuts with national income shows that the Kennedy tax cut, representing percent of income, was the single largest first-year tax-cut of the post-WW II era.

The Reagan tax cuts represented percent of income while none of the Bush tax cut even breaks 1 percent of income. The Kennedy tax cuts would only have. Apr 27, How it measures up: The legislation cut taxes bybillion in the first year, orbillion in today’s dollars. It is smaller than both the Reagan and the Kennedy tax cuts as a share Estimated Reading Time: 2 mins. Kennedy, Reagan, and Bush Tax Cuts Compared to Other Budget Items Tax Legislation As a Percent of Federal Budget (a) Tax Relief Social Security Defense All Other Domestic Spending The Kennedy Tax Cut (Revenue Act of ) % % % % The Reagan Tax Cut (Economic Recovery Tax Act of ) % % % % Bush Tax Cuts.

May 20, It's ridiculous to compare Bush tax cuts to JFK's plan. WASHINGTON -- Fact: President John F. Kennedy proposed a large tax cut inafter the stock market tanked and unemployment rose.

Fiction Author: MARIANNE MEANS.