Those are good question, and why I hedged my bets between LBJ and Carter. The main point with Carter is that he was the last president under the JFK tax rates before the worst policy in our country's history, the start of the Reagan tax cuts for the rich.
I can't really think of a ton Carter did that advanced the middle class as much as continuing previous policies - but that's partly because I'm not that well informed about Carter's agenda, other than being broadly Democratic. I recall his saying he got more of his
agenda passed than any president since and plan to review more of that. He did initiate a lot of deregulation, which was mixed for the middle classes, but lowered prices on a lot. He also appointed Paul Volcker to slash inflation.
Similar with Nixon - his presidency is a bit complex in that most of his massive harm was long-term, paving the way for the right-wing shift under Reagan - while he supported the rich, his politics were much more moderate domestically much of the time.
Think about some of the names Nixon gave the country for future destruction - The Bushes, Dick Cheney, Donald Rumsfeld, Roger Ailes, the move toward a right-wing supreme court that said money is speech, Roger Stone and many more - it was under his push for corporate America to organize politically that today's corporatocracy structure was largely formed - organizations like AEI, Heritage, Cato, and others either created or rebuilt as powerful tools of the wealthy to take over government.
The big 3 auto companies give yearly bonuses to their workers. I read this year near 12 K. They have been doing this for years. It is recognition that workers are a big part of the success and profits of a company. Seems posters here think it is all due to some top flight execs. Truth is they must just not screw it up. There is nothing new in managing the companies. There are so many layers of management. Galbraith called managers ratifiers. They simply sign on to what the workers compile. All the information is gathered, all the stats and data analyzed and then handed to the "decision makers". The data drives the choice.
When was last raise in the minimum wage? Truth is the top tax rate was over 90 percent in Eisenhowers time and has dropped over and over. Funny, but the national debt seemed to rise with it.During OIkes time, corporations kicked in 30 percent of government revenue. Now it is under 10. The Repubs want to starve the beast . Destroy the government for their short term benefit.,
Craig234 (02-08-2018)
Sirthinksalot (02-10-2018)
This was under Nixon.
“From 1969 to 1972,” as the political scientist David Vogel summarizes in one of the best books on the political role of business, “virtually the entire American business community experienced a series of political setbacks without parallel in the postwar period.” In particular, Washington undertook a vast expansion of its regulatory power, introducing tough and extensive restrictions and requirements on business in areas from the environment to occupational safety to consumer protection.[
Republicans don't want to "starve" anything. Have you seen the new budget proposals? They are increasing spending $500 billion in new spending over the next two years and suspending the debt ceiling until 2019. That does not include spending for the wall or infrastructure. That destroys those claims Republicans want to cut spending and is turning many conservatives against their party.
The claim that corporations pay less than 10% of federal income taxes is misleading. Today, most corporate taxes are paid through S-Corporations which is taxed through the individual tax code rather than corporate income tax. The number of those S-Corporations has increased from 10 million to over 30 million while the number of corporations have declined. The business generated by those S-Corporations has increased from $320 billion in 1980 to $1.6 trillion in 2010 which is more total income than C-Corporations. So, most corporate taxes are being taxed through individual rates and does not appear under corporate income taxes.
https://www.washingtonpost.com/busin...=.2dca7f3c1a4b
http://www.politifact.com/truth-o-me...rporations-ha/
You don't understand what starve means. The debt is the tool the Republicans use to force massive cuts in social spending that they can't otherwise pass. That's why every big deficit increase in peacetime has been under a Republican administration.
They keep jacking up military spending - that also cuts the funds available for the people on social spending.
https://assets.motherjones.com/polit...-taxrate_3.pngThe claim that corporations pay less than 10% of federal income taxes is misleading. Today, most corporate taxes are paid through S-Corporations which is taxed through the individual tax code rather than corporate income tax. The number of those S-Corporations has increased from 10 million to over 30 million while the number of corporations have declined. The business generated by those S-Corporations has increased from $320 billion in 1980 to $1.6 trillion in 2010 which is more total income than C-Corporations. So, most corporate taxes are being taxed through individual rates and does not appear under corporate income taxes.
https://www.motherjones.com/politics...a-chart-graph/
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