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Monday, October 3, 2011
Boomer with Attitude Reagan rises from grave in support of Obama's taxes on the rich
Posted By John Grooms on Mon, Oct 3, 2011 at 5:37 PM
No sooner had President Obama proposed to enact “the Buffett rule,” which would close tax loopholes that allow millionaires to skip out on paying their fair share in taxes, conservatives started wailing about “class warfare.”
What these kneejerk right-wingers don’t seem to remember is that their icon, President Ronald Reagan, agreed with Obama’s approach. Reagan gave a speech in Atlanta in 1985 in which he said that tax loopholes allowing a millionaire to pay lower taxes than a bus driver were “crazy,” because they allowed the “truly wealthy to avoid paying their fair share.” That damned socialist!
Here’s a video, courtesy of the ThinkProgress website, showing both Obama and Reagan speaking on the issue.
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