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In reply to the discussion: Elizabeth Warren Introduces 21st Century Glass-Steagall Act [View all]jmowreader
(50,552 posts)56. Now you can, yes
Reagan's "reform" killed the deduction totally. After Congress realized the extent of the destruction it caused, they erased Reagan's mistake and put in place the deduction you described.
The teabaggers revere Reagan for the Kemp-Roth Tax Cut of 1981. The fun part is, if you look at the U3 unemployment numbers from August 1981 and go about 20 months out, you will notice they took off like a rocket...18 months after Kemp-Roth they peaked at 10.8 percent, the highest in history. The Faux News people love to talk about Obama as being the worst economic president in history, but Reagan (who damn near brought on Great Depression II through his unnecessary austerity program) will never be equaled in his crappiness.
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AMEN! She has huge courage and excellent values. She's looking out for the public like
AikidoSoul
Jul 2013
#65
What those in Washington don't realize is going along with someone like Warren is all that stands
yurbud
Jul 2013
#32
This is a necessity. We need to make this a big election issue in 2014. It will favor Democrats
JDPriestly
Jul 2013
#7
Finally something I can be proud of. Cantwell is my senator. Thank you Warren, Cantwell, and King.
liberal_at_heart
Jul 2013
#9
You're absolutely right..Even if it passes in the Senate, it's DOA in the House.
red dog 1
Jul 2013
#72
Senators Warren, McCain, Cantwell, and King Introduce 21st Century Glass-Steagall Act
ProSense
Jul 2013
#17
Five and a half years after Bush, a DEMOCRATIC Senator finally introduces such a bill.
AnotherMcIntosh
Jul 2013
#20
And where are the so-called conservatives who want to return to the past?
lindysalsagal
Jul 2013
#25
And Hilary voted for the Iraq invasion, as well. And then made a snarky speech against it on the ste
lindysalsagal
Jul 2013
#53
He knew because the neocons wrote him a letter in 97 asking to invade iraq.
lindysalsagal
Jul 2013
#80
No, he isn't. Once the veto is overridden it becomes law without his signature. n/t
PoliticAverse
Jul 2013
#68
Thank You For Sharing - I Wish More Senators Represented Americans As Well
cantbeserious
Jul 2013
#28
I'm pretty far left, almost to point of being socialist. You've peaked my curiosity.
liberal_at_heart
Jul 2013
#43
Because I don't consider anything that Warren asks for being more than common sense.
raouldukelives
Jul 2013
#55
And then how about a better anti-trust law? Something to breakup ANY "too big to fail."
tclambert
Jul 2013
#30