Mission Statement: This blog reviews the news of the day in light of 242 years of American history. "Nationalism," a modern day pejorative, has been our country's politic throughout history, until 2008. Obama changed that narrative. Trump is seeking a return to our historical roots. Midknight Review supports this return to normality.
Video Celebrating Summer of Recovery: Its One Year Old
Under President Obama, the top marginal tax rate on the wealthiest Americans is 15% less than it was under Ronald Reagan during an economic recovery ('82-'86: 35% vs 50%)
Today, under President Obama the wealthy are actually forking over LESS than they did under Reagan. What has changed is the level of greed, the right wing rhetoric, the control of lawmakers by corps, and the political party of the president. This can be explained one of only 2 ways: either Reagan was a dirty socialist, or the right wing rhetoric is bullsh!t.
Let me explain it to you: http://www.youtube.com/watch?v=JTzMqm2TwgE
"Under Obama" is, in reality, "under the Bush tax cuts of ten years ago" and Obama desperately wants that to change.You are giving Obama credit for something did not do and opposes. And Jon Stewart thinks the right is uninformed. This comment borders on the cuff of stupidity. Not a good effort on your part, this time, William.
You did not negate any of the facts I stated. During 7 of Reagans 8 years, the top tier tax rate was 50% 10.4% higher than Clinton, 15% higher than under Obama. . Further proof that Reagan was a dirty socialist is that he grew the size of gov't with 60,000 new gov't jobs and QUADRUPLED the national deficit. $700B - $3 Trillion. In 1983, he raised the gasoline tax and instituted a payroll-tax hike that helped fund Medicare and Social Security. In 1986, he supported the progressive Tax Reform Act, which hit businesses with a record-breaking $420 billion in new fees. No peacetime president has raised taxes so much on so many people as Reagan.
Under President Obama, the top marginal tax rate on the wealthiest Americans is 15% less than it was under Ronald Reagan during an economic recovery ('82-'86: 35% vs 50%)
ReplyDeleteToday, under President Obama the wealthy are actually forking over LESS than they did under Reagan. What has changed is the level of greed, the right wing rhetoric, the control of lawmakers by corps, and the political party of the president.
This can be explained one of only 2 ways: either Reagan was a dirty socialist, or the right wing rhetoric is bullsh!t.
Let me explain it to you:
http://www.youtube.com/watch?v=JTzMqm2TwgE
"Under Obama" is, in reality,
ReplyDelete"under the Bush tax cuts of ten years ago" and Obama desperately wants that to change.You are giving Obama credit for something did not do and opposes. And Jon Stewart thinks the right is uninformed. This comment borders on the cuff of stupidity. Not a good effort on your part, this time, William.
You did not negate any of the facts I stated. During 7 of Reagans 8 years, the top tier tax rate was 50% 10.4% higher than Clinton, 15% higher than under Obama. . Further proof that Reagan was a dirty socialist is that he grew the size of gov't with 60,000 new gov't jobs and QUADRUPLED the national deficit. $700B - $3 Trillion. In 1983, he raised the gasoline tax and instituted a payroll-tax hike that helped fund Medicare and Social Security. In 1986, he supported the progressive Tax Reform Act, which hit businesses with a record-breaking $420 billion in new fees. No peacetime president has raised taxes so much on so many people as Reagan.
ReplyDelete