... able to reduce taxes for businesses under the Revenue Act, which gave $1 billion in tax credits for new equipment and investment. Kennedy also encouraged economic growth through federal spending. He encouraged individual stated to apply for and spend federal grants on housing, education and restoration of community areas. Kennedy believed that his improvements in the economy would help the living standards of the poor. He also encouraged them to spend what they could to create employment opportunities. As a result of this unemployment did start to fall and was down to 5.3% by 1964. Kennedy increased the minimum wage from $1.00 per hour to $1.25 per hour and extended it to more professions including retail, which was a great help to women. This increase would lift many Americans over the poverty line slightly. It would also cause people to spend more money, the more money people spend the richer the ...

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