Nov
06
2009

Bill O'Reilly and Cuban-Style Tax Rates

Fox News host Bill O'Reilly, commenting on a tax increase in California: That could happen on the federal level. Already Nancy Pelosi and her far-left crew want to raise the top federal tax rate to 45 percent. That's not capitalism. That's Fidel Castro stuff, confiscating wages that people honestly earn. Setting aside the truth of the charge against Pelosi, Fidel Castro must have been the president of the United States in 1982-86, when the top rate was 50 percent. Or maybe all of the 1970s, when it was 70 percent. Or from 1950-63, when it was 91 percent.