Tax rates for high income earners and corporations are less than half of what they were during the Eisenhower years. The best way to make the tax system fair is to require wealthy Americans to pay their fair share. In the 1950s, the economy prospered when wealthy Americans did their part.
This kind of fundamental tax reform is a long time coming but there’s something we can do right now to put more spending money into the hands of the working families. And that’s to give America a raise. President Obama has proposed and House Republicans have resisted an increase of the minimum wage to $10 per hour from the current rate of $7.25 an hour.