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ProSense

(116,464 posts)
7. And
Fri Dec 23, 2011, 10:49 AM
Dec 2011

"No great victory in Obama vigorously denying being a liberal."

...that's defined by what exactly in the article: "His actual policy proposals do involve a rise in taxes on high-income Americans"?

I mean, if they weren't lowered to begin with, he would have been fighting the Republicans to raise them beyond the 1990s levels.

In fact, the net effect of Obama's policies will be a tax rates on the top one percent that are little higher than Clinton levels.

<...>

Under Clinton, the top 1 percent paid 33.4 percent; under Bush it paid 29.8 percent; and under Obama it would go back up to 35.3 percent, less than two points than under Clinton.

Meanwhile, under Clinton, the top 0.1 percent paid 36.9 percent; under Bush it paid 32.8 percent; and under Obama it would go back up to 39.7 percent. By contrast, every other group would be paying lower rates under Obama’s proposals than under Clinton. (A table detailing these numbers is right here.)

http://www.washingtonpost.com/blogs/plum-line/post/how-obamas-tax-hikes-will-really-impact-the-rich-in-three-easy-charts/2011/03/03/gIQAmbbLIL_blog.html


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