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But why cut the tax? The highest rate used to be 90 percent. Then it was cut to 70. Then 50. Then 28. Then back up to 31, then to 39. Then Bush cut it down to 35. And the economy did fine the whole time. It did especially well during the decade after the high end rate as increased from 31 to 39 percent.Let's restore the rates back to where they were in the 1990s when our economy did great--at least for the top income earners.We also need to cut needless subsidies to already profitable corporations.
But why cut the tax? The highest rate used to be 90 percent. Then it was cut to 70. Then 50. Then 28. Then back up to 31, then to 39. Then Bush cut it down to 35. And the economy did fine the whole time. It did especially well during the decade after the high end rate as increased from 31 to 39 percent.
Let's restore the rates back to where they were in the 1990s when our economy did great--at least for the top income earners.
We also need to cut needless subsidies to already profitable corporations.
