Below are some Election Day links to help:
1. Thanks to Republican Party policy set into motion 30-years ago by Ronald Reagan and accelerated by George W. Bush, the marginal tax rate on the nation’s highest earners (35%) has been cut to more than half of what it was for most of the last century (70-90+%).
2. Where this 30-year road to by-far-the-lowest top-bracket tax rates in modern history (including the reclassification of corporate dividends as taxable at a top level of only 15%) had taken us by January 2009 was here:
In 2008 alone, more than two and a half million jobs were lost—up to three-quarters of a million jobs a month. The gross domestic product was shrinking at a rate of nine per cent. Housing prices collapsed. Credit markets collapsed. The stock market collapsed—and, with it, the retirement prospects of millions. Foreclosures and evictions were ubiquitous; whole neighborhoods and towns emptied. The automobile industry appeared to be headed for bankrup...