Fred Barnes is a moron. On the president's surtax on millionaires to pay for healthcare:
Another tax hike -- especially on top of the increased taxes on individual income, capital gains, dividends, and inheritances that Obama intends to go into effect in 2011 -- is sure to impede investment. It's an anti-growth measure, as those with even a sketchy grasp of economics know. But Obama doesn't appear to.
The top marginal tax rate in the 1980s under Reagan was 50%. Is Fred Barnes telling us that investing and growth was hindered in the 1980s? That's rich.