Mar
16th
Mon
MoveOn.org (via e-mail): This is ridiculous. The media has been obsessing about President Obama’s plan to roll back the Bush tax cuts for the wealthiest Americans—from 35% to 39.6%—even asking if that makes him a socialist. But do you know what tax rate the wealthiest Americans paid on the top portion of their earnings at the end of Ronald Reagan’s first term? 50%. Under Richard Nixon? 70%. Under Dwight Eisenhower? 91%! Shocking, right? They have a flyer you can send to your congressperson detailing this.

MoveOn.org (via e-mail):

This is ridiculous. The media has been obsessing about President Obama’s plan to roll back the Bush tax cuts for the wealthiest Americans—from 35% to 39.6%—even asking if that makes him a socialist.

But do you know what tax rate the wealthiest Americans paid on the top portion of their earnings at the end of Ronald Reagan’s first term? 50%.

Under Richard Nixon? 70%. Under Dwight Eisenhower? 91%!

Shocking, right?

They have a flyer you can send to your congressperson detailing this.