Ilhan Omar Quotes
There are a few things that we can do. One of them is that we can increase the taxes that people are paying who are the extremely wealthy in our communities. So, 70 percent, 80 percent, we've had it as high as 90 percent.
Omar, Ilhan. Interview by Zainab Salbi. Through Her Eyes, Yahoo! News, 31 Jan. 2019.
There are a number of periods in American history when the highest marginal income tax rate for the very wealthy was over 90 percent. The highest marginal rate is not on total income but only on the excess above a threshold amount—based on 2010 dollars, the high rate would only be paid on the income OVER $3 million in that year. Reich was right in saying that some of the greatest growth spurts of the American economy occurred at times where the marginal tax rates were over 90 percent.
This was a typical argument in the 2012 battle between President Obama and the Republican conservatives. However, this was written 35 years earlier, when the exact same issue was polarizing politicians. The idea for taxing the rich more to reduce the deficit has been around since there was a Federal deficit. On most occasions the rich had enough political clout to avoid additional taxes for them and get the general public to pay instead of them. However, there have been times where they have not been able to avoid increased taxes. The New Deal lead by Franklin Delano Roosevelt and the Obama administration in 2013 were two such exceptions.
He turned out to be very wrong as there were a number of times in American history when there were tax rates in excess of 70 percent, and they were collected.
Comment made in the Congressional Congress debates in 1787. This precedes individual taxation. In the debate, Wilson felt state taxation “should accord with the number of freemen” as “it is strange that annexing the name of ‘State’ to ten thousand men, should give them an equal right with forty thousand.”
Ilhan Abdullahi Omar is an American politician serving as the U.S. Representative for Minnesota's 5th congressional district since 2019. She is a member of the Democratic–Farmer–Labor Party. Before her election to Congress, Omar served in the Minnesota House of Representatives from 2017 to 2019, representing part of Minneapolis. Her congressional district includes all of Minneapolis and some of its suburbs.