Detailed text transcripts for TV channel - FOXNEWS - 20161215:03:06:00
Go back to jfk. he set in motion a plan to cut the top marginal tax rate from 91%, he dropped it to 77. and during his short time as president 3.8 million jobs were created while seeing an average of 4.4% gdp growth. reagan took over for carter. remember a bad economy then. he took the concept further. he shredded the top mark nal rate, lowering it over the course of his presidency from 70% to 28%. as a result, reagan in eight years created 20 million new jobs after the '82 recession ended. gdp growth averaging 3.5%. government revenues spiking by 65%. we saw at the end of his presidency the l...