“..Let’s be clear: I’m not talking about imposing sharp increases on incomes over $250,000 or even $500,000 – at least not until the economy’s healthier.
At those levels an expiration of the Bush tax cuts would probably be enough.
But once you hit income of a million dollars a year and over – we should go back to the higher tax rates that were in place for millionaires during the Nixon years.
That’s right: When it comes to taxes – Nixon’s the One.
And Eisenhower was much stronger on these issues than Nixon.
The public’s being bludgeoned by deficit reduction rhetoric from people who clearly couldn’t care less about deficits.
They certainly don’t intend to do anything about them.
Ike and Nixon would throw them out of the cabinet room if they walked in with proposals like these…”
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