Yahoo Answers is shutting down on May 4th, 2021 (Eastern Time) and beginning April 20th, 2021 (Eastern Time) the Yahoo Answers website will be in read-only mode. There will be no changes to other Yahoo properties or services, or your Yahoo account. You can find more information about the Yahoo Answers shutdown and how to download your data on this help page.

GABY
Lv 7
GABY asked in Politics & GovernmentPolitics · 1 decade ago

Is Obama trying to take us back to the Carter years?

"If the Democrats' millionaire surtax were to happen—and were added to other tax increases already enacted last year and other leading tax hike ideas on the table this year—this could leave the U.S. with a combined federal and state top tax rate on earnings of 62%. That's more than double the highest federal marginal rate of 28% when President Reagan left office in 1989. Welcome back to the 1970s. " WSJ 5/2011

12 Answers

Relevance
  • 1 decade ago
    Favorite Answer

    Both Obama and Carter inherited a catastrophic Republican economy.

  • 1 decade ago

    I think Carter calls Obama once in a while and tells him how to be a bigger disaster than he was. Too bad for the rest of us it is working.

  • Anonymous
    1 decade ago

    I don't think you could get as bad as Jimmy "Pass the Peanuts" Carter.

  • Anonymous
    1 decade ago

    He will also be like Carter, 1 term ONLY.

  • How do you think about the answers? You can sign in to vote the answer.
  • No, he may be trying to destroy the country completely. and make it worse than the Carter years.

  • Anonymous
    1 decade ago

    Why do you add state taxes in one column and leave it out of the other ?

  • 1 decade ago

    I predict that he will depart office with the economy even more hosed up the peanut farmer.

  • 1 decade ago

    Those poor billionaires! They work hard raping the working class and looting the treasury. They ought to be able to keep more of their ill-gotten gains. I mean, we don't tax bank robbers or other such thieves, do we?

  • 1 decade ago

    Let's hope not!! You know how far back the carter admin. took us!!

  • Anonymous
    1 decade ago

    Yes, x infinity.

Still have questions? Get your answers by asking now.