In 1962 in a speech before the Economic Club of New York, President Kennedy argued that .

Question:

In 1962 in a speech before the Economic Club of New York, President Kennedy argued that “. . . it is a paradoxical truth that taxes are too high today and tax revenues are too low—and the soundest way to raise revenues in the long run is to cut rates now.” Is President Kennedy’s argument consistent with supply-side economics? Why or why not?