Just for the record: the Reagan and Bush administrations cut taxes for the wealthy from 70% to 30%--an effective rate of 17%. The top 5% of the population make 95% of the discretionary income beyond that needed to survive, but they pay less than 50% of the taxes. In addition, we have two wars that were not paid for, the big pharmaceutical giveaway that was not paid for, and all the Homeland Security expenditures that were not paid for. If one cuts taxes and spends without funding, s/he has a problem.
No comments:
Post a Comment