Fuelman » Today, 12:14 pm » wrote: ↑
Clinton raised taxes also:
Yes, President Bill Clinton raised taxes by signing the Omnibus Budget Reconciliation Act of 1993, which increased individual income, corporate, and fuel taxes.
Key Tax Increases
Income Tax Brackets:
Raised the top individual income tax rates from 31% to 36% and 39.6% for high-income earners.
Corporate Tax Rate:
Increased the top corporate income tax rate from 34% to 35%.
Medicare Payroll Tax:
Removed the wage cap on the 2.9% Medicare tax, applying it to all wage income.
Transportation Fuels:
Imposed a 4.3-cent-per-gallon increase on transportation fuels.
Social Security:
Increased the taxable portion of Social Security benefits for higher-income recipients.
Clinton was a PIKER compared to reagan. Now THAT guy knew how to raise taxes.
On workers, anyway. The wealthy saw a cut.
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