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endorse the Reagan-Romney Debt Reduction Plan creating a 50% top marginal income tax rate, people & corporations alike.

Created by D.Z. on November 19, 2013

Increases taxes on personal income and capital gains and corporate profit to 50%, but only on income and profit past the millionth dollar and only to repay the $17T national debt including recent war debts. President Reagan reduced the top marginal income tax from 74%, the LBJ/Nixon rate, to 50%. Mitt Romney, the ex-governor, famously paraphrased the Citizens United outcome by The Supreme Court as "Corporations are people, my friends" though he probably meant the Board of Directors and stockholders. Money from this surtax would only go to the $3T WWII-level expense of the 21st-century wars and to repay the national debt, much to Alan Greenspan's chagrin. It would only affect income made above $1M/year, and encourage corporations to pay living wages and to re-invest.

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