Newt Explains It All For You

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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.

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Mother Jones was founded to do journalism differently. We stand for justice and democracy. We reject false equivalence. We go after stories others don’t. We’re a nonprofit newsroom, because the kind of truth-telling investigations we do doesn’t happen under corporate ownership.

And the essential ingredient that makes all this possible? Readers like you.

It’s reader support that enables Mother Jones to devote the time and resources to report the facts that are too difficult, expensive, or inconvenient for other news outlets to uncover. Please help with a donation today if you can—even a few bucks will make a real difference. A monthly gift would be incredible.

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