May 6, 2010

Sheldon Richman on Michael Moore distorting the history of top income tax rate cuts

[Michael] Moore even complains that the top income-tax rate was lowered from 90 percent some years ago. Conveniently, he gets the history wrong. He says Republican Ronald Reagan cut the 90 percent rate, but it really was Democrat Lyndon Johnson who did it, following through on John Kennedy’s proposal. (Reagan presided over a cut from 70 to 50 and then to 28 percent.) At any rate, Moore is perfectly comfortable with government’s taking 90 percent of wealthy people’s earnings and seems indifferent to whether the money is made through honest trade or political privilege.

~ Sheldon Richman, "The Phony Radicalism of Michael Moore,"Freedom Daily, April 27, 2010

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