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Do you agree with liberal talk show host Thom Hartman?

Last night on FSTV Tom Hartman (liberal) New York talk show host was calling for the repell of President Reagan's tax cuts that are still in effect today. The tax rates on the rich was 90% before Reagan cut them to 35%.

Should they go back up to 90%

 
Natesmom507

Asked by Natesmom507 at 12:59 PM on Jul. 13, 2010 in Politics & Current Events

Level 35 (74,836 Credits)
This question is closed.
Answers (19)
  • Oh sure! Money? Who needs money. The more you make the less you are entitled to. :P Seems I remember huge job gains and new businesses after Reagan lowered those taxes. I still can't fathom how these idiots are taken seriously.
    itsmesteph11

    Answer by itsmesteph11 at 2:13 PM on Jul. 13, 2010

  • 90% is a TAD EXCESSIVE!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
    mustbeGRACE

    Answer by mustbeGRACE at 1:12 PM on Jul. 13, 2010

  • No one should pay 90 percent only a moron would say that.
    momtolucas2002

    Answer by momtolucas2002 at 1:12 PM on Jul. 13, 2010

  • During Reagan's presidency, federal income tax rates were lowered significantly with the signing of the bipartisan Economic Recovery Tax Act of 1981.[104] The top tier tax bracket rates were lowered from 70% to 28%. Conversely, Congress raised some taxes in every year from 1981 to 1987 to continue funding such government programs as TEFRA, Social Security, and the Deficit Reduction Act of 1984.[105][106] Despite the fact that TEFRA was the "largest peacetime tax increase in American history," Reagan is better known for his tax cuts and lower-taxes philosophy.[106][107][108][109] http://en.wikipedia.org/wiki/Ronald_Reagan
    ************************

    Reagan was a Roosevelt Democrat until 1962.
    This whole article is nteresting. Its at Wikipedia....
    gertie41

    Answer by gertie41 at 1:36 PM on Jul. 13, 2010

  • Nope. I can't believe some people think they should.
    Carpy

    Answer by Carpy at 4:25 PM on Jul. 13, 2010

  • 90%........... No
    Higher than they are now....Even if only by a few percent. Yes.

    The more effective tax changes would be: changes in the capital gains tax structure, corporate income tax structure, and re-defining what is considered "wealthy" in this country.. Wealthy these days in many ways and ares is not $150k plus a year. The truly wealth those who's net worths are in the 7-8 figures, earn most of their money by means that are not taxed in the same manner that a person who earns an hourly income is.. Also change the tax structure for those who make their money in the financial industry, it as well is different than most hourly wage jobs. These would help as well

    Reagan's economic policies, the false belief in "trickle Down economics" (and policies concerning deregulation and others) were the beginnings of many of the economic problems and the economic instability that we now have in this country.
    pixie_trix

    Answer by pixie_trix at 1:07 PM on Jul. 13, 2010

  • it was 70, not 90, although I believe they were closer to 90 in the 50's.
    autodidact

    Answer by autodidact at 1:17 PM on Jul. 13, 2010

  • No, I believe it should remain 35% HOWEVER, I want to see them move the AMT tax to over $250,000 or $300,000. Then the rich would pay a bit more, but only on specific levels and it would relieve the tax on the middle class.
    urkiddingright

    Answer by urkiddingright at 3:16 PM on Jul. 13, 2010

  • No absolutely not.
    momjoy1027

    Answer by momjoy1027 at 11:03 PM on Jul. 13, 2010

  • 90 percent? seriously?
    lovinangels

    Answer by lovinangels at 11:47 PM on Jul. 13, 2010