DU may have to TS me - I agree 100% with this Republican talking point

[Art_from_Ark]

103. Reagan might have marginally increased some capital gains rates

after reducing them in 1981, but...

"The primary effect of the tax changes over the course of Reagan's term in office was a change in the composition of tax revenue, towards payroll and new investment, and away from higher earners and capital gains on existing investments. Federal revenue share of GDP fell from 19.6% in fiscal 1981 to 17.3% in 1984, before rising back to 18.4% by fiscal year 1989. Personal income tax revenues fell during this period relative to GDP, while payroll tax revenues rose relative to GDP.[4] President Ronald Reagan's 1981 cut in the top regular tax rate on unearned income reduced the maximum capital gains rate to only 20%—its lowest level since the Hoover administration.[11]

"In 1981, Reagan significantly reduced the maximum tax rate, which affected the highest income earners, and lowered the top marginal tax rate from 70% to 50%; in 1986 he further reduced the rate to 28%."

http://en.wikipedia.org/wiki/Reaganomics

So Reagan cut capital gains to 20%, and even though he raised them to a maximum 28% of 1986, he slashed the highest rate of income taxes from 70% all the way down to 28%, which placated his rich buddies. His vision of "fair rates" was reducing his rich buddies' Federal income tax rate from 70% to 28% and raising payroll taxes. He would still fit in easily with today's GOP.