Posts Tagged ‘Buffet Rule’
The President most unlike Reagan says that the 40th President of the United States would support his craptastic plan called the Buffet rule. Try again Barrack.
President Obama said Tuesday that none other than conservative icon former President Ronald Reagan would have supported his plan to raise taxes on Americans who make more than $1 million per year, known as the “Buffett rule.”
Mr. Obama quoted Mr. Reagan’s 1985 comment calling for an end to tax loopholes for the rich.
“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 that’s crazy. It’s time we stopped it,” Mr. Obama quoted Mr. Reagan saying.
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