Obama did raise the tax percentage of the 7th tax bracket from 35% to 39.6% in 2013. With the Bush tax cuts of 2001 the 7th tax bracket was lowered to 35%.
Originally Posted by adav8s28
Actually, with the Affordable Care Act, Obama raised the top marginal rate to 43.4%, although if you just had income reported on a W-2, it would be 41.5% I think. Add marginal state income tax rates up to 13.3% and you get a total marginal rate over 50% in many states.
Obama bailed out Wall Street, the banking system and the American Auto Industry. A democratic controlled congress passed the TARP bill that Bush signed into law. Bush was long gone when most of the TARP money was given to the "Troubled Assets". AIG got their 200 Billion after Bush left office. :
Originally Posted by adav8s28
I agree with both you and Lexus Lover. Obama continued what Bush started, their policies were one and the same. At the time many of us, including me, blamed both for bailing out the banks, insurance companies, and auto industry. Looking back, it was a good investment that insured stability, and the taxpayer didn't lose much money.