Newt Explains It All For You
NEWT EXPLAINS IT ALL FOR YOU....In the Wall Street Journal today, Newt Gingrich and Peter Ferrara tell us why median wages have sucked so badly during the Bush era:
Marginal tax rates for middle-income families in the 25% tax bracket are too high. Add in effective payroll tax rates of 15% and state income taxes, and these workers are laboring under marginal tax rates of close to 50%. No wonder middle-income wage growth has slowed sharply.
Yep, that explains it: George Bush has kept taxes too damn high and no one wants to work anymore. It's analysis like this that has made Newt the conservative visionary he is.