DEMOCRATS ALL AMERICAN PARTY

[clarence swinney]

Not 1% Party

From 1921 to 2009 Democratic presidents created an average of 1,800,000 net new jobs per year compared to the record of Republican presidents of 800,000. More than twice as many.

From 1945 to 1981 we had the GREAT Middle Class Years. Affordable Housing. Affordable Food. Affordable Education.Help Wanted ads aplenty.

Reagan began the dissolution of the Middle Class.

Bush II finished it.

PROOF--Here

I ask one thing. If I am wrong give proof. I will change it

WEALTH + INCOME

“God Bless The Rich”
Please raise your glass of champagne to honor Reagan and Bush II

WEALTH---
From 1980 to 2007
Top 1% got 35.4% of Total Wealth Increase
Bottom 60% got 11.2%

Nonhome Wealth
Top 1% got 42.5%of total increase
Bottom 60% got 5.6%

Reagan Tax Cuts—60% for richest—
1980—top 1% got 20.5% of Wealth
1989---top 1% got 35.7% or Wealth for a 78.5% Increase

Clinton tax on richest and tax cuts for lowest income helped get a small change in direction
1992—top 1% got 37.2% of Wealth
2001---top 1% got 33.4% of Wealth

INCOME--
From 1980 to 2007
Top 1% got 44.1% of Total Income Increase
Bottom 60% got 12.4%

2001-2008—1% got 491 B in Tax Breaks—annual income exceeded 1.5 million
and put 1% Income at highest percent of Total Income since 1928

Bottom 99% got $3.74 in debt for each $1 in tax cuts 2001-2006

In that time, equal protection and housing for the elderly was slashed 20% adjusted for inflation. Community Development Block Grant cut 32% and lack of health insurance was epidemic.

400 taxpayers with highest income doubled income 2002-2006. Hear Wall Street roar as it crashed in 2007. Party time was over.

The richest 400 reported an average $214 million each in 2005 on federal income tax returns in 2005—up from $104 million in 2002. Doubled.

The 400 richest taxpayers paid only 18% of their income in federal individual income taxes in 2005—down from 30% in 1995—a 66% Tax Cut. Thanks Ron. Thanks George.

Many of the provisions of the 2001 and 2003 Tax Cuts are scheduled to expire at the end of 2010.

IF OBAMA AND DEMOCRATIC CONGRESS MAKE PERMANENT --THEY ARE GONE GONE GONE-FIRED

If made permanent, the top 1% of Households would receive nearly $1200 Billion in Tax Cuts from 2009 through 2018 per cbpp.org

Obama campaigned on eliminating them. Please note this promise.

The poorest 20% would get a magnanimous tax cut of $45 per year. Whoopee!

NET WORTH--
2007-top 20% had 85%--bottom 80% had 15%
2007-nonhome worth—20% had 93% and 80% had 7%
2007-Income-20% got 60% and 80% got 40%

Oh! Such a Fair and Balanced Nation! So Christ-Like. Makes me so proud.

[e-mail]
political historian since 1991 on Reagan-Clinton-Bush II administrations

Above from Holly Sklar co-author of “Raise The Floor: Wages and Policies That Work For All Of Us” [e-mail] --Part from writings of [e-mail] who is considered top authority on Wealth in America