Fact check: The second Democratic debate

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The 3 Democratic presidential possibilities faced off on a Saturday night

• Former Maryland administrator Martin O’Malley pronounced that in President Reagan’s initial term, a tip extrinsic income taxation rate was 70%. But Reagan sealed a check in his initial year dropping that to 50%, and it forsaken again to 28% in his second term.

• Vermont Sen. Bernie Sanders pronounced that a U.S. “has some-more income and resources inequality than any vital nation on earth.” But Israel, Brazil and Chile have both larger income and resources inequality, and some-more countries kick a U.S. in one of a measures.

• Former secretary of State Hillary Clinton poorly pronounced that income “haven’t risen given a spin of a final century.” Real normal weekly gain of rank-and-file workers rose 7.2% given 1999.

• Sanders steady his articulate indicate about billionaires profitable “an effective taxation rate reduce than nurses or lorry drivers.” That might be a box for some in those professions, once we cause in payroll taxes, though it’s not accurate for all.

• When Clinton cited Princeton economist Alan Krueger’s support for her smallest income proposal, O’Malley called him a Wall Street economist. He’s not.

• O’Malley boasted that Maryland was “the usually state” to solidify college fee 4 years in a row. This year, Maine did so as well.

Clinton, Sanders and O’Malley met during Drake University in Iowa for a debateDes Moines Register

O’Malley on Top Tax Rate Under Reagan

O’Malley pronounced that in President Ronald Reagan’s initial term, “the tip extrinsic [income tax] rate was 70%.” That was loyal usually briefly. In Reagan’s initial year in office, he sealed a check shortening a tip rate to 50%. And in his second term, he reduced it again, to 28%.

O’Malley cited a tip extrinsic taxation rate during a discuss to make a indicate that upper-income taxpayers should be profitable more, and historically have.

O’Malley

As a matter of history, a tip extrinsic taxation rate of 70% was determined in 1964, when Congress upheld a taxation cutbacked by President John F. Kennedymuch higher

So 70% was a tip rate when Reagan took bureau in Jan 1981. Eight months after holding office, Reagan signed

In his second term, Reagan signed a bill

Sanders Off on Inequality and Poverty

Sanders continued to peddle some fake claims about U.S. inequality and child poverty:

Sanders:

Regarding income inequality, we remarkable behind in May

And as for resources inequality, a share of resources hold by a tip 1% in a U.S. puts it in 11th place among 37 nations listed in the 2015 book of a Global Wealth Databook

Finally, a rate of child misery is distant worse in many other countries, including several with industrialized economies. The discuss told us a senator was referring to a reportOrganisation for Economic Co-operation and Development,

Turkey, Israel, Mexico, Greece, Romania and Bulgaria all had aloft rates of child misery than a U.S., in a OECD’s ranking

It’s also value observant that “relative poverty” is a magnitude of domicile disposable income relations to others in that country.

Clinton Wrong on Wages

Clinton erred when she pronounced genuine income haven’t risen in scarcely 15 years.

Clinton:

That’s not true, according to a many new total from a Bureau of Labor Statistics. Real average weekly earnings

Furthermore, genuine weekly income have jumped 2.3% in a many new 12 months alone.

Sanders on Truck Drivers’ Tax Rates

Sanders steady one of his discuss route articulate points: “But we are going to finish a absurdity, as Warren Buffet mostly remind us … that billionaires compensate an effective taxation rate reduce than nurses or lorry drivers.” That’s a box for some in those professions — compared with billionaires who acquire their income by investments — though it’s not accurate for all. In fact, a lorry motorist would have to acquire some-more than a median income to compensate a aloft effective rate.

We previously ran a calculations

The billionaire account manager would compensate 23.8% — a top collateral gains rate$39,520

As for nurses, a median income is most aloft — $66,640

If a billionaire account managers’ gain were taxed during unchanging income taxation rates, he or she would compensate a aloft rate. Most marginal income taxation rates

Krueger Not a Wall Street Economist

O’Malley lumped Princeton economist Alan Krueger in with what he called “economists on Wall Street.” Krueger is not a Wall Street economist.

O’Malley done his remarks when he had a feud with Clinton over how most to lift a smallest wage. O’Malley supports lifting it to $15 per hour. support for her proposal

O’Malley

Clinton

O’Malley

Clinton

O’Malley is wrong about Krueger’s background. It is wholly in academia and education.

Krueger graduated with a doctorate in economics from Harvard University in 1987. “Since 1987 he has hold a corner appointment in a Economics Department and Woodrow Wilson School during Princeton University,” according to his biography

Krueger also has hold tip positions in government, including authority of a Council of Economic Advisers underneath President Obama and arch economist during a Department of Labor underneath President Bill Clinton. His full curriculum vitae can be found here

O’Malley’s Outdated Tuition Boast

O’Malley claimed that Maryland was a usually state that went 4 uninterrupted years but an boost in college tuition. That’s no longer a case.

O’Malley:

Yes, as governor, O’Malley did pointer bills implementing a tuition solidify during open universities

In Mar of this year, a University of Maine System Board of Trustees again voted to solidify in-state tuitionseven member schools

For a full list of sources, see FactCheck.org

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