In announcing his candidacy for president in 2012, Newt Gingrich alluded to his Speaker of the House term (1995-1999). Claiming credit for the Clinton budget surpluses, he stated, “I believe we can return America to hope and opportunity.”

 I must admit Gingrich has a point. Lower- and middle-income families certainly enjoyed more “hope and opportunity” when the wealthiest 1 percent of Americans received only 15 percent of total income, instead of today making off with 20.3 percent; paid a capital gains rate of 28 percent, as opposed to currently collecting two-thirds of all capital gains and dividends — but paying only 15 percent; and paid a total federal tax rate of 40 percent, instead of the present rate of 22.1 percent — the lowest federal taxes since the 1930s!

 Do you suppose today’s tea party-controlled Republican Party is also looking for a return to those better times?

 Larry Tibbles

Heppner and Happy Valley

 

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