Lee Wochner: Writer. Director. Writing instructor. Thinker about things.


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.

One Response to “Chock full of nuts”

  1. Isabel Storey Says:

    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.”

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