Sherlock Holmes famously solved a mystery by noticing the dog that
did not bark. In the recent government shutdown/debt ceiling fight,
there was a five-letter dog that didn’t bark: T-A-X-E-S.
Democrats insisted they wouldn’t negotiate until they negotiated, and
they insisted that a government shutdown was unprecedented although it
was the 17th such shutdown since people started counting under the
current budget rules in the late 1970s.
But if you read their lips, the two words that were never enunciated, even silently, were “new taxes.”
This is something new. For more than 30 years, income tax rates have
been a source of strenuous dispute between Democrats and Republicans.
Ronald Reagan, with the help of all congressional Republicans and a
considerable number of Democrats, cut the high earner income tax rate
from 70 percent (on “unearned” income) and 50 percent on wage and salary
income first to 38.5 percent and, in the 1986 bipartisan tax reform, to
28 percent.
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- Judy Chaffee
- This site is the inspiration of a former reporter/photographer for one of New England's largest daily newspapers and for various magazines. The intent is to direct readers to interesting political articles, and we urge you to visit the source sites. Any comments may be noted on site or directed to KarisChaf at gmail.
Thursday, October 24, 2013
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