Economy

One Hundred Years of Tax Rates

Top marginal tax rates by president and year (via Sullivan).

If you listen to right-wing talk radio at all, you'd think President Obama has already taken us back to Eisenhower-era taxation.

By the way, I was listening to Laura Ingraham yesterday and while she was bashing the First Lady (evidently presidential families are fair game only when Democrats are in the White House), she interjected something about how the president doesn't want working Americans to pay their share into the Social Security trust fund, etc, etc.

In other words, Laura Ingraham demanded the president raise the payroll tax. A tax hike. An anti-tax far-right Republican was demanding a tax hike.

Yes, the Republicans will support tax hikes if the president wants to cut taxes. They're childish opposite-day bullies.