Tax Rates

There’s been a lot of criticism of Obama’s plan to roll back the Bush tax cuts. For those you don’t recall their history:
Marginal tax rates from 1913 to 2008.  Obama is proposing restoring the Clinton era rate of 39.6%.  Compare this to the 50% rate when Ronald Reagan was in office, 70% when Nixon was in office, and 91% when Dwight Eisenhower was president.
Um yeah. American really suffered under the tax rates during Eisenhower’s presidency.

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