FACT: Taxe are lower under Obama than they EVER were under Reagan

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Originally Posted by summers73

Because of course federal income taxes are the only taxes that exist in America.

What about the taxes associated with inflation, caused by distortions in the market and 0% Fed rates?

Fed is independent. President does not tell Fed what monetary policy to implement or what market rates to target. Main thing the President does is appoint the chairman every once in a while, and Bernanke was appointed by BUSH.

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