A sound, simple way to stimulate the economy?
I don't know the agenda, if any, of the Institute for Policy Innovation but here is an excerpt from their 1996 Tax Policy & the 1960s: Another Look At the Kennedy Tax Cuts by Gary and Aldona Robbins Senior Research Fellows.
"Economic performance and tax policy during the 1960s went hand in hand. Tax cuts, particularly those on capital, led to a doubling of the 1950s growth rate. But as taxes were increased after 1965, growth slowed and the decade ended as it began, with recession . . . lower taxes on capital, particularly the tax depreciation changes and investment tax credit, accounted for over three-fourths of the economic boost from the tax cuts of the 1960s."
My memory is of reduced personal taxes and reduced withholding -- the easiest, cheapest way of putting money in the hands of the people -- NOT BY "GIVING" A STIMULUS CHECK TO THE PEOPLE BUT BY NOT TAKING SO MUCH OF OUR EARNINGS!
LBJ increased taxes after 1965 -- and started raiding SS funds, I believe -- to pay for "guns and butter (his 'Great Society')."