Chock full of nuts
Part of what that treasonous fathead Rush Limbaugh rails against as Obama’s “tax increase” is simply the sunset of Bush’s 2001 rollback of a decrease in marginal tax rates from 36 to 33 percent. Who designed that rollback? Bush. When this expires, what will be the impact on all those people making about $250,000 a year that McCain and Joe the Plumber were fretting about late last year? About the price of a cup of coffee per day. If you fall in that category, don’t order a daily latte and you’ll never notice.
March 13th, 2009 at 8:21 pm
Here is some interesting info on that (courtesy of MoveOn.org):
“…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%!
…
And for all the whining about rolling back Bush’s irresponsible tax cuts, the truth is that Obama’s plan cuts taxes for 95% of working Americans.”