During Clinton's presidency, the top rates were set at 36 and 39.6 percent. George W. Bush's tax cuts reduced those rates to 33 and 35 percent. When those tax cuts expire, Obama favors letting the top rates revert to 36 and 39.6 percent.That historical perspective gives the lie to the notion that the president wants to impose an unprecedented level of taxation.
Boston Globe
1 comment:
Lena said...
also, everyone paid more taxes when Saint Ronald Reagan was prez.
Post a Comment