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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
- JasmineLv 51 decade agoFavorite Answer
Both Obama and Carter inherited a catastrophic Republican economy.
- SchmuckLv 71 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.
- Anonymous1 decade ago
I don't think you could get as bad as Jimmy "Pass the Peanuts" Carter.
- Anonymous1 decade ago
He will also be like Carter, 1 term ONLY.
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- 1 decade ago
No, he may be trying to destroy the country completely. and make it worse than the Carter years.
- Anonymous1 decade ago
Why do you add state taxes in one column and leave it out of the other ?
- FoghornLv 71 decade ago
I predict that he will depart office with the economy even more hosed up the peanut farmer.
- NighthawkeLv 51 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!!
- Anonymous1 decade ago
Yes, x infinity.