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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsThe "Reagan Rule"
Were going to close the unproductive tax loopholes that have allowed some of the truly wealthy to avoid paying their fair share. In theory, some of those loopholes were understandable, but in practice they sometimes made it possible for millionaires to pay nothing, while a bus driver was paying 10 percent of his salary, and thats crazy. Its time we stopped it.
--Ronald Reagan
According to Republicans when Ronald Reagan argued for the Buffett Rule it was a high point in the history of capitalism, but when Barack Obama makes the exact same argument, it is socialism. Why wasnt it socialism in 1985 when St. Ronnie of Jellybean was advocating for it?
It appears that Republicans have forgotten half of Ronald Reagans message. The then president did sell the fulfillment of the American dream through tax cuts, but he didnt want to cut taxes for everyone. Reagan was also a wealth redistributor. He championed the virtues of lowering taxes for everyone but the super-rich. Ronald Reagan raised taxes eleven times, and in seven of the eight years that he was in office. In contrast, President Obama is the biggest tax cutter in American history.
As Republicans get set to vote on the Buffett Rule, they would be wise to revisit their roots and win one for the Socialist.
http://www.politicususa.com/reagan-buffet-rule/
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The "Reagan Rule" (Original Post)
SHRED
Apr 2012
OP
Iwasthere
(3,135 posts)1. I have been arguing that we change the rules name
... to the "Reagan Rule" for a long time. The Buffett rule they can dismiss, how can they argue against "Reagan Rule".
Sarah Ibarruri
(21,043 posts)2. Interesting, isn't it? Good catch. Their own can do no wrong. nt
emulatorloo
(43,922 posts)3. This must be making them crazy
Or rather more crazy than they already now. Probably why West pulled out the "commie card".
Sarah Ibarruri
(21,043 posts)4. Yep! nt
FSogol
(45,312 posts)5. I thought the "Reagan Rule" was "80% of all air pollution comes from trees."
luckyleftyme2
(3,880 posts)6. Reagan was a joke
this man's middle name shoulda been "bankrupt" he inherited the richest state in the union and bankrupted it(see the tax law 13 in california ) made because of him.
he inherited the richest nation in the world and in eight years he made it the biggest debtor nation!
his military achievements were we lost 250 marines in Beruit so we invadfed "GRENADA"
TO increase what? his popularity?
It is amazing how history records sound bytes over facts!