It’s comical listening to the right extol the virtues of tax cuts. One of the best economies the U.S. ever had was back in the 1940’s when the top marginal tax rate was 90%.
Guess when another period of great economic growth occurred? Back in the 1990’s right before the Bush tax cuts went into effect.
The Bush tax cuts have been in place since 2001. If those tax cuts are so beneficial to economic growth and job creation, then whey have we seen such horrid economic growth and job creation (not to mention wage stagnation) since then?
America is tired of the BS from the right. It’s time to raise taxes on the top income earners at least to the levels of the 1990’s. If we really want to see roaring economic growth, the top marginal rate needs to be somewhere close to 90%.
