Forget the Buffett Rule, Obama Wants it to Be ‘Reagan Rule’

[cal04]

Last edited Wed Apr 11, 2012, 12:52 PM - Edit history (1)

http://www.rollcall.com/news/forget_the_buffett_rule_obama_wants_it_to_be_reagan_rule-213714-1.html

President Barack Obama offered Wednesday to call the Buffett Rule the Reagan Rule, citing President Ronald Reagan’s push to close tax loopholes for millionaires.

“If it’ll help convince folks in Congress to make the right choice, we can call it the Reagan Rule instead of the Buffett Rule,” Obama said at a White House event flanked by millionaires — and their secretaries — supportive of a 30 percent minimum tax on income of more than $1 million.

“I’m not the first president to call for this idea that everybody’s got to do their fair share,” Obama said. “Some years ago, one of my predecessors traveled across the country pushing for the same concept. He gave a speech where he talked about a letter he had received from a wealthy executive who paid lower tax rates than his secretary and wanted to come to Washington and tell Congress why that was wrong.”

Obama continued, “That wild-eyed, socialist, tax-hiking class warrior was Ronald Reagan. He thought that in America, the wealthiest should pay their fair share, and he said so. I know that position might disqualify him from Republican primaries these days.”

Obama quips he'd change 'Buffett Rule' to 'Reagan Rule' to sway GOP lawmakers
(snip)
"If it will help convince folks in Congress to make the right choice, we could call it the Reagan Rule instead of the Buffett Rule," he said in remarks at the White House. "I'm not the first president to call for this idea that everyone has to do their fair share."

http://thehill.com/homenews/administration/220973-obama-quips-hed-change-buffett-rule-to-regan-rule-to-sway-gop-votes

[trotsky]

1. When President Obama is on, he is ON.

Well played.

[Zalatix]

2. Hahahahaha!!!

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President Obama PWNS again.

[hifiguy]

3. Ouch. That one is gonna leave a mark

on the Repukes. Well played, Mr. President.

[AtomicKitten]

4. Boom goes the dynamite.

[jillan]

5. I love it when he throws Reagan back in their faces.

[hughee99]

6. This sounds kind of like when * tried to sell his tax cuts by talking about JFK's

position on tax cuts. That converted a lot of Democrats, right? Perhaps it's best to just let deceased presidents remain dead.

[DCKit]

7. Ah, so he does (or one of his aides does) read DU. nt

[Cirque du So-What]

8. My thoughts exactly

down to the part about an astute aide.

[SnowCritter]

9. As long as we're working with semantics

why don't we refer to loopholes in the tax system as Romney Loopholes® . Romney supports them and has made or protected millions of bucks using them, so why don't we name them for him?

Just sayin'.

[Arkana]

10. Using Reagan's words against the GOP--I would love to hear their sputtering,

tortured, pissed-off response to this.

[Jackpine Radical]

11. Not just using St. Ronald's words, but

making the Rs campaign against the Reagan Rule…brilliant. Even if it dd come from here.

[stupidicus]

12. that should stick like the proverbial bone in

McConnell's ample throat

[bvar22]

13. 30% ?

I want MY America back!
The Economic Policies of the America I grew up in....50s & 60s.
The Tax Policy and Trade Policies of those years built the greatest Working/Middle Class the WORLD has ever seen.

What was the tax rate on the millionaires back then?

Why couldn't WalMart come to a small town and undercut the local businesses in the 60s?



You will know them by their WORKS,
not by their excuses.
[font size=5 color=green]Solidarity99![/font][font size=2 color=green]
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