Bush tax cuts
In "The progressive shift" (Opinion, March 20), columnist David Brooks states that our "total tax burden is already at historic highs." This is absolutely not true. In the early 1960s, the top tax on income over $400,000 was around 90 percent. Brooks claims that House Democrats want to raise the top tax to 49 percent almost half of what the rich paid in the '60s!
The frequent claim that we spend too much is a deception. According to the Center on Budget and Policy Priorities, 48 percent of our debt is due to the Bush tax cuts, 35 percent to defense spending, 10 percent to entitlements and 7 percent to domestic programs. Our debt is due to the tax cuts and to the loss of 8 million U.S. manufacturing jobs since 1979 due to job outsourcing (that's 8 million people not paying taxes).
According to a Pew economic study, the Bush tax cuts will add another $3.1 trillion in debt over the next 10 years.
When we're told by Republicans that we spend too much and need to cut Medicare and Social Security, don't believe it.
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