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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsPres Eisenhower generated enough taxes to launch and complete the labyrinth of interstate highways,
Raise taxes on the rich
Eisenhower proved higher tax rates could work
President Dwight David Eisenhower, perhaps the last real Republican, had a 90 percent tax rate for the super rich during his administration.
Eisenhower explained it this way: The super rich could avoid the high taxes by investing their money in things that make America stronger. If they wanted to avoid high taxes, he said they could invest in business expansions and higher employee wages. They could give a million or two to tax-exempt non-profits that feed, house and clothe poor people of America, among other things.
They did some of that, but the Eisenhower years generated enough taxes to launch and complete the labyrinth of interstate highways, the largest road project America had ever seen and is needed again. https://apnews.com/article/alexandria-ocasio-cortez-archive-2184e9f18f6f4acca1ed007bdcdca818?fbclid=IwAR1twlEMKER47ka0VN_mnq_gTQ4SaTF2OvFZQ0jIoGPDXk5bIqzgCqtAE7s
brush
(53,776 posts)a center left one.
Wounded Bear
(58,653 posts)back when we actually tried to pay our bills. Kennedy was the first to start stepping them down as the debt from the WWII came into control.
Ike was the last "good" repub, but the high taxes weren't his. He WAS smart enough not to recklessly lower them during a time when we were paying down prior debt.
Irish_Dem
(47,053 posts)They want to stick the ordinary people with the cost of finding our country. But they will use all of the tax payer funded courts and infrastructure to their heart's content.
They will also commit as many crimes as they wish.