TOP TAX BRACKET

www.TheCitizensWhoCare.org

The GOP have consistently pushed for a continuation of tax breaks - in essence, a $23 trillion stimulus package for the wealthiest. The Bush tax break was supposed to be used to employ people to get the economy rolling. That has not happened. In small business, much of the windfall has been invested in other companies. In big business, much has gone to increase dividend payments to stock holders or to contribute millions to political campaigns to reverse legislation enacted to control the misuse of power in the financial community, manufacturing, and mine and deep-water oil drilling.

The desire is to reverse government controls and return to the policies that brought on this recession to the benefit of the wealthy and special interest groups. They are trying to buy a Congress that will pay them back and fill their pockets at the expense of those clearing under $200,000 a year.

Top Tax Bracket

President

Party

Beginning of term
End of term
Change in Taxes

George W. Bush

GOP

39.6%
35%
-13.14%

Bill Clinton

DEM

31%
39.6%
27.74%

George H. W. Bush

GOP

28%
31%
10.71%

Ronald Reagan

GOP

70%
28%
-150%

Jimmy Carter

DEM

70%
70%
0%

Gerald Ford

GOP

70%
70%
0%

Richard Nixon

GOP

75.25%
70%
-7.50%

Lyndon B. Johnson

DEM

91%
75.25%
-20.93%

John F. Kennedy

DEM

91%
91%
0%

Dwight D. Eisenhower

GOP

92%
91%
-1.1%

Harry S. Truman

DEM

94%
92%
-2.17%
Source: The Wall Street Journal

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