The top income tax rates have changed considerably since the end of World War II. Throughout the late-1940s and 1950s, the top marginal tax rate was typically above 90%; today it is 35%. Additionally, the top capital gains tax rate was 25% in the 1950s and 1960s, 35% in the 1970s; today it is 15%.…
Mitt Romney is already slithering into the mists of history, or at least La Jolla, gone and soon to be forgotten. A weightless figure unloved and distrusted by even his own supporters, he was always destined, win or lose, to be a transitory front man for a radical-right GOP intent on barreling full-speed down the…
Do you know any rich people? Did they create any jobs in 2010? Well apparently not enough because we still have too many unemployed and underemployed people in this country and it is not their fault. Companies have been shipping jobs overseas for years.
David Stockman served as budget director in the Reagan Administration and was considered one of the architects of the modern tax system. Since then he’s had a change of heart. In the last six months he’s made a clean break from his own legacy. The topic of the break concerns the Bush Tax Cuts. We’ve…
e all know that House Minority Leader John Boehner (R-Ohio) has a long record of fighting just about every initiative that could give a working family a bit of help as we’re shoveling out the debris left over from the years when Boehner, Bush et al. were in charge of the economy. Most recently, he…
That is what Keith Olbermann asks. That is what I want to know. Where are they? So the upper income people are the ones who are supposed to be creating the jobs. How many jobs were created by the upper income individuals in 2010? I want names and numbers and evidence. Tired of being treated…
This is from a dailykos blogger/contributor 0n 10/20/08 One of the things that always amazed and bothered me was that the overwhelming majority of people who rose to the top of and were most successful at the schools that I attended and companies that I worked for were themselves the children of powerful and successful…
