It is difficult these days getting through 24 hours without a Republican claiming the sky will fall if a person ONLY comes away from his tax payment with $970,000 rather than a million. I guess such people have highly paid maids and butlers. Republican congressman Tom Cole has created a minor furor by making the ridiculous comment that perhaps his party can go along with raising the rate from 35% to 39%. House leader John Boehner insists he must defend small businessman by refusing to have anyone pay more in taxes
I et confused, for over thirty years the top rate was higher, for many years it was 90% and our economy boomed. Just for once I would appreciate if a Republican would cite data from the past that supports contentions that higher rates result in fewer jobs. A Congressional office even provided evidence no such correlation exists.