Obama: We’ve Got The Lowest Tax Rates We’ve Had Since The 1950's

September 26, 2011 - 2:55 PM
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The President spoke at a social media town hall event in California today, answering questions from the public. "Right now, we’ve got the lowest tax rates we’ve had since the 1950s. And, some of the Republican proposals would take it back as a percentage of GDP back to where we were back in the 1920s. You can’t have a modern industrial economy like that."