'A Success Extinguisher': The Five on Elizabeth Warren Floating Large Tax Hikes
The panel on The Five reacted to Massachusetts Democratic Sen. Elizabeth Warren reminding an interviewer that America has seen prosperity under much higher tax rates than we have today.
She said that there was a "time in a very prosperous America" wherein "the top marginal rate was well above 50 percent."
In 2018, the top marginal rate is 37 percent for those individuals making more than half a million dollars annually. Those making $38,700 are paying 22 percent, according to the Tax Foundation.
In 1944, the top marginal rate was 94 percent, and remained above 49 percent until the Reagan tax cuts took effect in 1987.
Greg Gutfeld said there is so much good economic news that Democrats and potential 2020 presidential candidates like Warren and New Jersey Sen. Cory Booker need to "fixate" on finding bad news.
He called Warren a "success extinguisher" -- someone who "look[s] at the economy as if it is a fire and she wants to put it out."
Jesse Watters added President Trump needs to keep hammering Democrats as "socialist freaks who kneel during the national anthem."
Watch more above.