Originally Posted by cutthemdown
Healthcare reform, hostile towards energy producers through the EPA, high taxes on the job creators, lack of corporate tax reform and a new territorial system, a failed stimulus giveaway mostly to his union masters, poor leadership in the world when it comes to Libya, Syria, Egypt. Now he wants to raise min wage which is also another horrid idea that would hurt our economy and force more low wage earners onto the govt rolls. His on and off again energy policy in the gulf of mexico where he stopped them from drilling, then sort of let them start again, then stopped them, then sort of lets some open. Just a mish mash of policy that lost jobs. More regulations at the FDA which lead to higher food prices. The tax on medical device makers which is the worst idea of the whole healthcare reform. His stocking of the NLRB with union cronies who then attacked jobs in right to work states. AND THEN THE BIGGIE RUNAWAY SPENDING!
Where do you get this information, because it's not remotely correct.
The Long Run History of Taxes on the Rich
We know that taxes on the very rich are at a historic low right now, which will go even lower if Mitt Romney wins. But how low, exactly?
All the detailed studies I know of go back only to 1960. Iíve written about Piketty-Saez; the 2010 Economic Report of the President (pdf) also provided estimates, not taking into account corporate taxes:
All these estimates show that taxes on the rich are the lowest they have been in half a century.
But what about before 1960? Well, we know that the top marginal tax rate was even higher in the 40s and 50s than in the 60s; and it was very high by modern standards through much of the 30s too.
So I think itís safe to say that taxes on the rich are currently lower than they have been for not 50 but 80 years.
And if Mitt Romney gets his way, weíll bring those taxes down to levels not seen since Calvin Coolidge.