Recently, there has been much controversy about the concept of the “Buffett Rule”, named after billionaire Warren Buffett, who has said that he and all wealthy people should pay more taxes than his secretary!
Barack Obama has been promoting that, and the Republicans claim it is promoting “class warfare”! Instead, they would rather promote greed and selfishness, and starve the budget, preventing job growth and promoting further economic dislocation!
But now, it has been uncovered that President Ronald Reagan, the “darling” of the conservatives, called for the same thing when he was President in the 1980s, make wealthy people pay more than the average American taxpayer!
Obama’s language is almost exactly the same as Reagan’s, and it is amazing that many Republicans worship someone who actually agrees with Obama! That shows their ignorance, or their ability to lie, and either is disgraceful! And every poll shows more than 70 percent of the people agree with both Obama AND Reagan!
It is also not well known that Ronald Reagan signed ELEVEN different tax increases while in office, and understood that if the budget or economic conditions required it, a rise in taxes was necessary, including on the wealthy!
It is time for tax action to avert a worst economic situation than the one we are now in!