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wvu05
The Majority Report w/ Sam Seder
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Comments by "wvu05" (@wvu05) on "Biden BURIES Trickle Down Economics" video.
Reagan raised taxes 11 times as President. Sometimes, moving the Overton window makes it possible for others to do more.
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@roblong9728 Yes, Reagan did. The 1982 tax increase is the largest peacetime tax increase in American history. If Poppy raised taxes "because he had to," it proves that he had a pragmatic streak that his son doesn't, because the deficits were much bigger under W, and his first response to a bridge collapse was that he wouldn't let people use it as an excuse to raise taxes.
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@a-10wartaboo77 TARP was passed in October 2008, but Obama did extend the Bush tax cuts for two years, so the overall point stands.
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@plawson8577 I don't know where you're getting those numbers. The top rate on income in the Bush years was 35%, and the capital gains rate was 15%. It is true that the richest 400 families now pay less than the average family as an effective rate. That is in large part due to how capital gains is treated.
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