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To: RetiredNow who wrote (255895)	6/22/2010 12:11:35 AM
From: bentway	Read Replies (2) \| Respond to of 306849

"I've always said that we must raise taxes and cut spending to balance the budget. However, the question is why must the citizens of this country be subjected to this austerity, when it is the wealthiest 1% who have fleeced our Treasury? A better solution would be to tax the top 1% at 90%. Then we can restore balance." I agree with you about both cutting spending and raising taxes. At the outset of WWII, the top marginal rate was raised to 81.1% from 79%. Then to 88% and topping at 94%. truthandpolitics.org It stayed at a "pay for WWII" 91% until the early sixties when Kennedy "slashed" it to 77% ( always cited by supply-siders as proving tax cuts raise revenue, but this was the ONLY time it did. Let's declare WWII on the deficit, and make it a matter of patriotism for the wealthy to cough it up.