Forgive me for delighting again (here is an earlier post on the topic) in the degree to which President Kennedy's tax cut is being used as a model for President Trump's. Here is Lawrence Lindsey, writing in today's Wall Street Journal under the headline "Tax Reform Will Give Workers a Raise":
There actually is a historical analogue to the legislation currently under consideration. In 1964 Congress enacted a tax cut that similarly encouraged capital formation and entrepreneurship. It cut the top personal rate by 21 points. It cut the corporate rate and introduced accelerated depreciation. The result was a boom that went on for the rest of the decade.
When a supply-side tax bill like this is passed at a time of full employment, labor's share of the economic pie expands rapidly. That happened after the passage of the 1964 bill, and it will happen again if the current tax reform becomes law.
There's a book about this.