Quotes About Top rate

President Obama's proposal to raise the top rate to 39 percent is equal to the rate under President Clinton in the 1990s when Wall Street reached record high levels and the economy produced lots of jobs.

The individual income tax rates were pegged at 10, 12, 22, 24, 32, 35 and the top rate, 37 percent. The drop from 39.6 percent was standard Republican tax cutting. In the end, the law would add an estimated $1.5 trillion to the annual deficit over 10 years.

But public opinion surveys show overwhelming support for raising taxes on the rich. One recent poll even found that 45 percent of self-identified Republicans support Alexandria Ocasio-Cortez's suggestion of a top rate of 70 percent.

We've been prepared to make the arguments for lowering corporation tax, which is all about encouraging risk takers, encouraging entrepreneurs, and I observe that for the vast majority of the Labour government we had a top rate of 40 per cent income tax. It's now higher, and I think we should look to get to a simpler, lower tax system.