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Thom's blog
Roll back the Reagan tax cuts, like they just did in France
With the Socialists now in control of France – the wealthy are again - after a long pause of tax cuts for the rich under Sarkozy - being asked to sacrifice their fair share. President Francois Hollande introduced a new budget on Wednesday – restoring pre-Sarkozy tax rates on the rich. That includes a surtax on anyone making more than $1.6 million, plus a tax on the nation’s biggest banks and oil corporations, which is expected to trim 1.1 billion euros out of France’s budget deficit.
Under Hollande’s budget, the new tax rate on any income over $1 million dollars will go back to 75%. That might sound steep here in America where the top tax rate is around 35%, but it’s actually where the top tax rate was – and for two decades even higher – from after the 1930s until Ronald Reagan, including during the non-socialist presidencies of Richard Nixon, John F. Kennedy, Jerry Ford, and Dwight Eisenhower.
That was a time when our nation could afford a strong social safety net to support a growing middle class, plus new infrastructure projects around the nation, and a robust GI Bill to send millions of Americans to college for free. Time to roll back the Reagan tax cuts, like they just did in France
-Thom
(How do you think the French economy will be affected? Tell us here.) |
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Tonight on The Big Picture on RT TV at 9pm and 11pm... (check your local listings for stations or stream at RT, and catch past shows on Youtube)
Need to Know: Mr. 1 Percent and his offshore millions- Mike Papantonio, Attorney/Host-Ring of Fire Radio 
Screwed: What you need to know about the LIBOR emerging scandal...- Professor Max Fraad Wolff, Economist/Instructor, New School University 
The Best of the Rest of the News...
UFO's or voter fraud...which is more common?
Will RI's disclosure bill keep out the super PACs?- Lee Fang, RepublicReport.org
Geeky Science: Kitty Litter can increase Suicide Rates in Women.
Daily Take: Rwanda has better health care than America.
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Thursday on The Thom Hartmann Program, 3-6pm ET
Hour One: MR. 1 PERCENT and his offshore millions...
Bring manufacturing home to America- Mayor Virg Bernero, Mayor-Lansing, MI
Hour Two: CON Senator says "no coverage for cancer"- Mark Williams, Conservative Commentator & Author / Former Chair-Tea Party Express
Hour Three: Rwanda has better health care than America
And, the best of the rest of the news and your calls right here on...
The Thom Hartmann Program...your media support group for "we the people"...TAG, YOU'RE IT!!!!!!!!! (OCCUPY SOMETHING!!!!!)
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Friday on The Thom Hartmann Program, 3-6pm ET
Hour One: If it's Friday, it's "Brunch With Bernie"... the honorable Senator Bernie Sanders (I-VT) will be here with all the news from our nation's capitol and as always he'll be spending the hour taking your calls and answering your questions too...
Plus, it's Anything Goes on Townhall Friday, I'll talk with Senator Sherrod Brown about fixing our trade policies...
And, we'll have the best of the rest of the news and your calls...it's your turn to tell me what's on your mind...right here on...
The Thom Hartmann Program, Occupying The Media 3 hours a day 5 days a week" for "we the people"...TAG, YOU'RE IT!!!!!!!!!!!!!!! (GET OUT THERE, GET ACTIVE AND OCCUPY SOMETHING!!!!!!!!!!!!!!)
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Tuesday's Daily Stack 
Quote: "It is a VERY simple issue. You either believe in human rights or you don’t. i.e. You believe that the same rights apply to ALL humans, or you believe that some are more deserving than others." -- Owen Roberts (on marriage equality).
Syndicated columnist & Democratic strategist Karl Frisch in for Thom today...
Hour One: What to expect when you're electing...- Eric Burns, Bullfight Strategies / past president of Media Matters for America
Investigation for Vanity Fair Magazine "Where the Money Lives"- Nicholas Shaxson, Journalist & author of the tax havens book "Treasure Islands"
45th YMCA annual conference underway in NC / Energizing the youth vote- Bob McGaughey, YMCA Youth Conference on National Affairs
Hour Two: Last week's SCOTUS rulings...what's next?- Doug Kendall, Attorney / Constitutional Accountability Center
SoapBlox- Tina Dupuy, Syndicated op-ed columnist / Editor-in-Chief-SoapBlox
Hour Three: marriage equality in Maryland- Josh Levin, Marylanders for Marriage Equality
Marriage equality in Maine- Matt McTighe, Mainers United for Marriage
Marriage equality in Minnesota- Kate Brickman, Minnesotans United for All Families
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Thom's Poll
Will Republicans be successful in suppressing the vote with their new voter ID laws?
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Watch & Listen to Thom
Karl Frisch, in for Thom Hartmann, on the news for Tuesday July 3, 2012
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 Would you like to help give a child with a very troubled background this feeling of peace? Thom and Louise Hartmann founded the New England Salem Children's Village (NESCV) in New Hampshire in 1979. With states delaying payment for the children they entrust to the village, they need help with cash flow. Can you help? Now on Facebook. |
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Show Info
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