Rick Santelli: Here's Why You Can't Compare Obama's Tax Plan To Clinton Or Eisenhower

Rick Santelli Flip Out

Rick Santelli minted some new arguments against the Obama tax plan in a radio interview on King World News.

He says you can’t compare Obama’s plan to the near-90% upper bracket tax rate under Eisenhower because: “The threshold for that higher marginal tax rate was $400,000. What do you think $400,000 in ’56 is worth today? About $3.2 million.”

And you can’t go back to the Clinton era: “Look at the differences in 1992, ‘3, ‘4, ‘5. We had the tech revolution, we had a huge upside coming from Silicon Valley. These dynamics aren’t in place today.”

Santelli, the Tea Party progenitor, remains confident of a political turnaround in November.

Now check out the pitiful life of a rich person in America >

NOW WATCH: Money & Markets videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at research.businessinsider.com.au.