I am looking for a clear New York Times report on the big 1964 Tax
cut.  It was passed and signed on Feb. 26, 1964.  A number of books
that I have looked at on the tax cut are very prudish about telling us
exactly what the percentage cuts were and how the benefits might break
down as between rich and poor. Thank you kindly.

---

Request for Question Clarification by omnivorous-ga on 09 Jun 2005 16:51 PDT

Hotpatatta --

Can you be more precise about what you're seeking?  A fee-based
database, commonly available at no charge in major libraries has the
NY Times during this time period.  But are you seeking the
most-analytic piece written before the tax cut?  Or after the tax cut?
 Or even years after the tax cut?

Also, is there any interest in the daily coverage during the period
that Congress was passing the legislation and (presumably) negotiating
differences between House and Senate versions?

Best regards,

Omnivorous-GA

---

Clarification of Question by hotpatatta-ga on 10 Jun 2005 16:09 PDT

Thanks for getting back to me so quickly, Omnivorous-GA.  No, I'm not
particularly interested in the daily coverage before it was passed. 
I'm really just looking for a good article or two, probably written
after the passage of the tax cut, about how the tax cuts affected the
rich versus the working class.  I tried looking for an article myself,
but when I went to the library in my town, each article costed $3.00
and I couldn't afford to look at all of them to see which one was
best.  Perhaps a good analysis came a year or so after the passage of
the legislation.

Hello again,

As long as I was in the NY Times database already for your other
question, I thought I'd take a crack at this one as well.


The best article on the tactual ax cut rates appears to be this one:


-----
INDIVIDUAL TAXES CUT BY $9 BILLION

New York Times 
Feb 27, 1964
pg. 18

Two years from now, the 51 million individuals and couples who share
their income with the Federal Government will be keeping about $9
billion more of it than they do under present law...

...[the tax law] works out as an average tax cut of about 19%...

...the average cut on income up to $3,000 is 30 per cent...


[other rates noted in the article are;}


--26.9% on incomes of $3-5,000

--20.6% on incomes of $5-10,000

--17% on incomes of $10-20,000

--13.2% on income above $50,000

-----


Once again, I can't provide the full article as it is copyrighted, but
you can access it yourself at the NY Times archives site, or through
your local library.

Let me know if there's anything else I can do for you on this.

pafalafa-ga



search strategy -- searched the NY Times archives database for tax cut
articles in the February-March period in 1964.

Google Answers is the best.  The researcher was fast and friendly.  Thank you!!

You might find his interesting:

The Kennedy-Johnson Tax Cut: A Revisionist History
http://www.econ.queensu.ca/faculty/prachowny/CEA.HTM