Here are a few stupid excerpts.
"Corporation are not people."
Have you ever known a Corporation to exist without POEPLE?
"Just shows how these pack of GOP candidates are out of touch."
Same can be said about the President....
"The most fortunate of Americans pay their fair share"
Megyn: "Paul says it's not a revenue problem."
Wasserman: "Oh they always say that."
"Really, do you think every American believes Exxon Mobil is a person."
No one said “person” they said PEOPLE
"Corporation don’t pay their fare share, and do you know why? Because they don’t."
OK, so if Wasserman says ‘Because they don't’ then it must be……
"And the ridged adherent supporting corporations America and the wealthiest and fortunate few."
Lets see, we are at a 9.1% unemployment rate. What do Corporations provide? Come on, she knows the answer. Notice how she connects wealthiest and Corporations??? But aren't the wealthiest, people? But Corporation are not people?
"We are at the lowest tax rate since the 1950’s"
In 1963, President Kennedy enacted the The Kennedy Tax Cut (Revenue Act of 1964)
At that time the marginal tax rates were 20% at the lowest echelon of income and 91% for the top tier
After the act, the marginal tax rate was 16% for the lowest of income and 77% for the top earners
In 1965 the tax rate for the lowest wage earners dropped to 14%, top earns dropped to 70% until 1976, when Jimmy Carter enacted the Tax Reduction and Simplification Act of 1977.
At that time the lower income rates dropped to 0% and the top tier remained at 70%
In 1981 Reagan enacted the Tax Equity and Fiscal Responsibility Act of 1982, which lowered the top tier to 50%. The rate for those making less than $5500 continued to drop from 14% rate down to zero.
However, here is where Wasserman gets it wrong on the dems claim that “We are at the lowest tax rate since the 1950’s.”
In 1986, Reagan enacted the Tax Reform Act of 1986. Which lower the top tax rate to 28% (33% "rate bubble" for those making over $78,400)
But Bush Sr signed in to law the Omnibus Budget Reconciliation Act of 1990 that broke his promise of no new taxes and killed his chance of re-election. The top tier rate began to rise to 31% to as high as 39.6% where it currently resides at 35%
Megyn: What about the 50% who pay no income tax?
Wasserman: Ha, we have to make sure that……
She dodged the question….. She has no answer for that.