Inside The Budget Deal: Vulnerable Populations Targeted, But Family Planning Saved

The Tax Increases need to be more than just rolling back the Bush Tax Cuts. When Reagan came into office in 1981 the top marginal tax rate was 70% on income office $215,400. The debt Reagan inherited from Carter was in the neighborho­od of $1 trillion. The top marginal tax rate was dropped to 50% in 1981 and the debt started to increase as revenue dropped and deficit spending under Reagan increased (you're "trickle down" "voodoo" economics"­). Reagan tripled the National debt by the end of his two terms, but not before he dropped the top marginal tax rate again in 1987 to 38.5% for income over $92,000, then to 28% in 1988 for income over $30,000 ... the lower income earners were now picking up the slack for the rich. Then Bush 41 raised taxes to 31% for income earners over $85,000 (makes you wonder what adverse impact the tax cuts were causing to the economy for Bush to raise taxes so close to election?) Bush lost the election and Clinton raised taxes to 39% for over $250k an the US had surpluses again.



Let's see ... raise taxes and deficits drop. Interestin­g.



http://www­.truthandp­olitics.or­g/top-rate­s.php



You want to address deficits? You want to address the debt? You HAVE to raise taxes ...



Preferably to the 70% Reagan came into office with before he blew up the US economy for his rich friends.
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