Commentary: The biggest tax cuts in history? Let's double-check that
by Brad Schiller, Los Angeles Times
Feb 05, 2018
3 minutes
Now we're firmly in the selling phase of the Republican tax plan, and President Donald Trump's constant refrain is that the cuts are "the biggest in history." History doesn't quite support his claim.
Ever since 1913, when the states ratified the 16th Amendment and thereby allowed Congress to levy an income tax, rates have been on a wild roller-coaster ride. The top rate on both individuals and corporations started at a mere 1 percent. Just
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