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" ... During the President Ronald Reagan and Rep. Jack Kemp years, the 1970s and ’80s, JFK’s own advisers were the reliables. James Tobin, the 1981 economics Nobelist and member of the Council of Economic Advisers in 1961-62, ridiculed all association of Reagan’s 20-30 percent reduction in tax rates with JFK’s 20-30 percent reduction in tax rates of eighteen years prior. JFK’s chief economist Walter Heller denounced Kemp’s attempt in the ’70s to duplicate JFK’s cut in tax rates in the ’60s as a free lunch. ... "