Gerald Ford on Corporations
President of the U.S., 1974-1977; Republican Rep. (MI)
The irony is that back in 1958, Congress felt so bad for Harry Truman that they passed the Former Presidents Act, which authorized a lifetime pension that today pays former presidents $250,000 a year and gives them a budget for staff, insurance, & the like. The money-making activities of former presidents surged after we started taking care of them.
Earlier this month I proposed a permanent income tax reduction of $10 billion below current levels, including raising the personal exemption from $750 to $1,000. I also recommended a series of measures to stimulate investment, such as accelerated depreciation for new plants and equipment in areas of high unemployment, a reduction in the corporate tax rate from 48% to 46%, and eliminating the present double taxation of dividends.
All the basic trends are good; we are not on the brink of another recession or economic disaster. If we follow prudent policies that encourage productive investment and discourage destructive inflation, we will come out on top.
|Other past presidents on Corporations:||Gerald Ford on other issues:|
George W. Bush(R,2001-2009)
George Bush Sr.(R,1989-1993)
John F. Kennedy(D,1961-1963)
Harry S Truman(D,1945-1953)
Past Vice Presidents:
Natural Law Party