It represented a radical change in the economic structure of the country by basing its operations on the theory of deficit financing.

President Kennedy: “No more important legislation will come before the Congress this year than the bill before the House to reduce Federal Taxes. In fact, no more important domestic economic legislation has come before the Congress in some fifteen years.”

A little too radical for some. Most Republicans voted against it as did the bloc of Dixiecrats who warned it would mean fiscal ruin for the U.S.

It didn't and the bill passed the Senate in February 1964 created the largest tax cut in history and it's still argued about today, as no doubt this post will provoke.

History is very often the gift that keeps on giving.