Some argue that the Trump tax cut will increase the deficit, but they should listen to the wisdom of JFK in 1962, when he, too, was battling a large deficit. President Kennedy declared at the New York Economic Club that “it is a paradoxical truth that tax rates 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.”

JFK knew that America’s biggest problem was not the budget deficit but a growth deficit. And based on Donald Trump’s proposed tax cuts, he seems to share JFK’s wisdom.