Investors Invest Despite Tax Rate.

Economic Fact:  Investors invest to make money whether taxes are high or low. As Warren Buffett puts it:  “I have worked with investors for 60 years and I have yet to see anyone — not even when capital gains rates were 39.9 percent in 1976-77 — shy away from a sensible investment because of the tax rate on the potential gain.  People invest to make money, and potential taxes have never scared them off.  And

Middle Class Pay Is Correlated With Union Membership.

Job Fact:  If you are a middle class worker your pay correlates to union membership.  Over the past 40 years union membership in the United States has steadily declined, and so has the share of middle class income.  An assault on unions is an assault on the middle class. http://thinkprogress.org/economy/2011/01/20/173738/report-incomes/ http://www.americanprogressaction.org/issues/2009/02/efca_factsheets.html

Military Spending = Less Jobs.

Jobs/Military Fact:  Military spending results in less American jobs being created than equal spending on education, health care, or clean energy.  According to a 2009 study by the Political Economy Research Institute at the University of Massachusetts, Amherst, for every 1 billion dollars the United States Government spends on the military, 11,600 jobs are created.  That same 1 billion dollars spent on clean energy would create 17,100 jobs; on health care, 19,600 jobs are created;

Low Taxes Devastate Economy.

Tax Fact:  In 1922 conservatives convinced Americans that lowering taxes on the wealthy would be good for business.  The top tax rate on capital gains went from 73% in 1921 to 12.5% in 1922, and the top tax rate on income went from 73% in 1921 to 58% in 1922 and down to 25% in 1925.  4 years later we began what is known as the Great Depression, but the seeds for the Great Depression

Fewer Jobs When Taxes Are Low.

Jobs Fact:  When tax rates for the wealthy are low, job growth rates are low. From 1950 to 2010, when the top marginal tax rate was over 39%, the average annual percent growth in total payroll employment was over 2.3%; when the top marginal tax rate was under 39%, the average annual percent growth in total payroll employment was under 1%. The top ten years of job growth since 1950 occurred when top marginal tax

Lower Taxes In Only 4 Countries.

Tax Fact:  Only 4 developed countries collect less in tax revenue as a percentage of GDP than the United States:  Mexico, Chile, South Korea, and Turkey.  In other words, if you think taxes are too high in the United States, you can move to Mexico, Chile, South Korea, or Turkey and you’ll pay less, everywhere else you’ll pay more. http://www.oecd.org/document/60/0,3343,en_2649_34533_1942460_1_1_1_1,00.html#A_RevenueStatistics http://demos.org/updates/Taxes_Matter_D4.html

Social Security Is Essential.

Economic Fact:  3 out of every 5 Americans over 65 years old receive a majority of their income from Social Security.  Social Security is clearly essential for the well-being of America.  (See also Social Security is Solvent in Economic Facts section of The Democratic Guide) http://thinkprogress.org/special/2011/07/22/276162/graph-social-security-income-3-5/

The Greatest Generation Had A 94% Top Tax Rate.

Tax Fact:  In 1944 and 1945 the top tax rate on earned income was 94%.   This rate applied to earned income above $200,000.  In 1946 the top rate was lowered to 91%.  The 91% top rate remained in place throughout President Dwight D. Eisenhower’s entire term in office. The Greatest Generation believed it was their obligation to actually pay for the wars they were involved in and that everybody, including the wealthy, successful, and even

Democrats Create More Jobs.

Jobs Fact:  Many people know that over 10,000,000 private sector jobs were created during Barack Obama’s eight years in office (over 15,000,000 during the last 82 months), and during Bill Clinton’s eight years in office more than 21,800,000 jobs were created in the private sector, while during George W. Bush’s eight years in office 673,000 jobs were lost in the private sector (although GW Bush did add more than 3,000,000 government jobs during his 8