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<blockquote data-quote="TechGrrl" data-source="post: 1020169" data-attributes="member: 4932"><p>When Kennedy wrote those words, the top marginal tax rate was 90%. He lowered it to 70%. The corporate tax rate was lowered from 52% to 48% in the Kennedy tax cuts of 1964. </p><p></p><p>Tax rates and tax revenues under President Obama are the lowest they have been in 35 years; lower than under Ronald Reagan. Let's go back to the Reagan tax rates, by all means. I would settle for the rates under President Clinton.</p><p></p><p>Let's recap briefly:</p><p>January 2009: Dow bottoms at 6595 in early March. Yesterday's close: 13,035</p><p>It is too wonky to go into detail about corporate profits, but I refer you to this article:</p><p><span style="font-family: 'comic sans ms'"><strong><a href="http://economix.blogs.nytimes.com/2011/06/30/the-wageless-profitable-recovery/" target="_blank"><span style="color: #0000ff">The Wageless, Profitable Recovery - NYTimes.com</span></a></strong></span></p><p></p><p>The article, by the way, pretty much puts paid to the notion of "trickle down" economics. Corporate profits last quarter were at an all time high, but wages are stagnant, and jobs are pfffft.</p><p></p><p>I agree that both parties are beholden to big money, but only ONE party has the ALEC playbook where paragraph 1 is RIGHT TO WORK. Go look at what the GOP has done in those states they captured in the 2010 elections.</p><p></p><p>It is sometimes hard to choose between good and better, but it is pretty easy to pick between mediocre and rotten in this case. Unless you are one of the 1/10th of 1%.</p></blockquote><p></p>
[QUOTE="TechGrrl, post: 1020169, member: 4932"] When Kennedy wrote those words, the top marginal tax rate was 90%. He lowered it to 70%. The corporate tax rate was lowered from 52% to 48% in the Kennedy tax cuts of 1964. Tax rates and tax revenues under President Obama are the lowest they have been in 35 years; lower than under Ronald Reagan. Let's go back to the Reagan tax rates, by all means. I would settle for the rates under President Clinton. Let's recap briefly: January 2009: Dow bottoms at 6595 in early March. Yesterday's close: 13,035 It is too wonky to go into detail about corporate profits, but I refer you to this article: [FONT=comic sans ms][B][URL="http://economix.blogs.nytimes.com/2011/06/30/the-wageless-profitable-recovery/"][COLOR=#0000ff]The Wageless, Profitable Recovery - NYTimes.com[/COLOR][/URL][/B][/FONT] The article, by the way, pretty much puts paid to the notion of "trickle down" economics. Corporate profits last quarter were at an all time high, but wages are stagnant, and jobs are pfffft. I agree that both parties are beholden to big money, but only ONE party has the ALEC playbook where paragraph 1 is RIGHT TO WORK. Go look at what the GOP has done in those states they captured in the 2010 elections. It is sometimes hard to choose between good and better, but it is pretty easy to pick between mediocre and rotten in this case. Unless you are one of the 1/10th of 1%. [/QUOTE]
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