yeah that's about what the rate is now. Class warfare and the actions Reagan took imply that you believe he is it out for the poor and that just isn't the case. In theory (fun word) one perfectly legitimate way to stimulate the economy is to give rich people and corporations a tax break so they have more money free to invest in their company, hire people and give raises. It is what is referred to as trickle down economics. The flaws in it is that it is open for the overly greedy to take advantage up. I tend to believe people like that are the exception rather than the rule.
Regardless of the mechanism the intent is the same; to help the middle class and the poor. I don't see it as a rich vs. poor. I see it as differing views on how to best help the middle class and poor. Obama believes the middle class and poor will be best served if their taxes go down and the taxes of corporations go up. I don't know maybe he thinks the extra money saved by these people will more than offset the difficulty many businesses will face with tighter budgets. Personally I don't see that happening.
NOT saved by these people but spent by these people....they would have more of their own money to spend...this is what gives those at the top, with all those businesses... the money to give raises and hire...their sales increases from the spending of those in the middle getting the tax breaks and more of their own money.
TRICKLE UP!
Care