tax rates

The Republican Party in the United States has led the way when it comes to drastically lowering the tax rates on the richest Americans. It has come down from some 90% after WW2 to be around the 30 to 40% rate in the current era. Thus, the National Debt of $36 trillion has to be directly impacted by falling tax revenues over decades contributing to the need to borrow to fund government. 36 trillion reasons to despise the GOP and its fundamental role in the economic debt crisis of the US. How can any American justify this huge decrease in taxing the rich at the expense of the country? Republicans have simultaneously been in the vanguard of consistently increasing defence spending over these same decades.Continue Reading