Down through the years, rates as high as 90% were not uncommon. It has remained low ever since, according to data from the Tax Policy Center, never rising above 40%. When Ronald Reagan became president in 1981, he slashed taxes, sending the marginal tax rate tumbling from 70% when he took office to just 28% when he departed. Democrats want that cap removed. Whoever thought Democrats would be champions for people with million-dollar-plus incomes!
Bidenols and REagan worked together.
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Bidenols and REagan worked together .
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