"If you have any doubt about this, consider this: Since 1950, the top
marginal tax rate has ranged from 28 percent to 91 percent, yet revenue has
remained fairly consistent throughout — between 18 percent and 20 percent
of GDP."Taxes currently bring in 15% of GDP, not 18-20%. We need
them back at their average rate. Spending is currently 22.9% of GDP, so if we
get taxes to 20% and spending down to 21% we'll be okay. As long as the
deficit is lower than the rate of economic growth, our debt/GDP percentage will
decline, and that's the only figure that really means anything.
America has seen good economic times and bad economic times throughout
history.Obama is not talking about some radical tax policies that
have never been tried.So, I will ask AGAIN.Why is
Obama's proposed top tax rate of 39.6% a known job killer when
Reagan's 50% rate was heralded as GREAT for the economy and jobs? The
economy also did fine under Clinton's rate of 39.6%. It is
difficult to "sell" the GOP tax claims to Americans when recent and
not-so recent history does not support them.
It boggles the mind. Someone at the DN went through aaaalllll the syndicated
columns in the entire nation, looking for something to fill some space on the
editorial page. I'm imagining it, all those op-ed pieces, dozens, hundreds
maybe. And somehow, they picked . . . this. Economic analysis from someone who
clearly knows nothing about economics, political analysis from someone who gets
his political news from the planet Klaatu. It boggles the mind, truly it does.
So, if you don't fall in line with the conservative think tank mantra...You are an enemy?This type of DN sponsored journalism
invites a civil dialogue?
At least the DN had the courtesy to post the source:David A.
Ridenour is president of the National Center for Public Policy Research, a
conservative think tank.=========That should explian
just about everything.Biased? Not in the least.Think Tank --
Yes, shoot the messenger and ignore the problem. The left wing lemmings seem
determined to do it the Greek way.