SOAKING THE RICH (REDUX)....
John Cole posted this graph a few days ago. See that column on the far-right edge? That's where Obama proposes the marginal top-rate should be.
It's also the rate conservatives believe is so outrageous, that they're accusing the president of "socialism" and talking openly about the "Going Galt" scenario in which wealthy and industrious Americans would deliberately make less money to spite their country.
It's all quite silly, but the graph adds some helpful context to drive the point home.
Obama is proposing a top rate lower than Reagan's first term, lower than Nixon's, lower than Eisenhower's, and lower than FDR's when he pulled us out of the Great Depression.
So, really, try not to hyperventilate.
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