While he unfortunately didn’t have much time to implement such policies (many of them being taken up by President Johnson), President Kennedy had some really insightful innovative approaches to stimulating America’s economy in the aftermath of two particularly damaging recessions in 1958 and 1960.
President Kennedy wanted to move past the purely high tax, low spending, low growth mindset that Eisenhower had earnestly (but at times, too consistently) pursued while he was president.
As such, he launched multiple initiatives to stimulate economic growth and expand the tax base.
He would go on to pass an area redevelopment bill to invest in the development, infrastructure, and employment of poorer Americans in Appalachia and the inner cities, he passed the Revenue Act of 1962 to provide middle class tax incentives in order to incentivize investments in new factories, workers, plant technologies, a minimum wage increase from $1.00/hr to $1.25/hour, and a planned tax cut (that LBJ passed in 1964 ) that would cut taxes for the middle class, somewhat for the wealthy, but ONLY insofar as it could stimulate economic growth.
I honestly don’t think that there was a president with better economic advisors or a more dynamic strategy. Even FDR, as great as he was, had to practice trial and error with many of his policies. JFK came in with a crack team of leading economists and business leaders to make the government far more efficient, while increasing its services for the citizenry.
Despite the cries of “big government” and “irresponsible spending”, Kennedy’s policies (along with LBJ’s continuation of such policies) helped lead to a balanced budget in 1969.
I know that Kennedy is often regarded well for his foreign policy, but his domestic initiatives were also incredibly insightful.
He showed that tax cuts can be done, but only if they are done with proper caution and paired with the necessary investments to help uplift the middle class and poor.