this report on obama tax reduction plan says:
"A middle-class family donates $1 to charity, they get 15 cents off their income tax. Bill Gates donates $1 to charity, he takes 35 cents off his income tax. The proposal that the White House has would simply reduce those levels to the same levels that we saw during the Reagan administration," White House Press Secretary Robert Gibbs said today during his briefing to reporters.
A commenter on the page mentions:
simply reduce those levels to the same levels that we saw during the Reagan administration,
What a crock! The reason the deduction was only 28% during the Reagan administration was because the top tax rate was 28%
Duh!!!!!!!!
Verily and forsooth: truth and politics agrees. Very cool chart, that.
Not the way to look good to your public, folks. Can't you do better than that???
