Posted on 10/04/2011 6:22:45 PM PDT by Clairity
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.
(Excerpt) Read more at cbsnews.com ...
You lie!
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Better yet, you deceive! Reagan did reduce the tax loopholes for the wealthy but Obama forgot to mention that he also lowered the tax bracket for the wealthy and raised it for the lower tax brackets. So, all those who pay nothing now would be contributing if we used the Reagan model.
What has Obama been smoking?
The jackass is trying to avoid losing the Reagan Democrats wherever they may be...
Reagan cut the top rate to 28% AND eliminated loopholes, making the tax system flatter, fairer and better, helping the economy.
Obama lies and schemes to screw the rich and grab more money for his insatiable thirst for Big Govt. He NEVER has accepted the real quid pro quo for tax reform - if you want to ‘close loopholes’ then LOWER the rates as well.
Pretty funny (in a pathetic way, of course) to hear a communist trying to claim support from a president who often referred to “None Dare Call it Treason,” an excellent analysis of the communist agenda.
To put it bluntly, Obama, STFU you stinking communist puke of a liar.
Mark Levin played extensive tapes of Reagan today talking about liberalism, marxism etc. It could have been said today. Did anyone notice BO’s accent when he was talking to the Texans? Full of fake hick and shuck and jive—pathetic.
Somebody needs to check the air ducts in the White House for Glue, or the Basement for Radon Gas, because he’s just getting crazy now.
I’m not sure tbat Buffett supports the Buffett Rule.
Reagan would have spoken out on Obamacare as incremental socialism just as he did on earlier attempts to nationalize health care.
Mr. B.O. YOU LIE!
Obozo almost raised taxes on the middle class by NOT extending the Bush “tax cuts” (actually they should be referred to as the Bush Tax RATES). The only taxes this red diaper doper baby likes to mention are on those who make 7 figures or more. He is very comfortable with raising rates on those making a low 6 figures and even 5 figures.
buffett and gates support the loopholes and foundations that can be used to squirrel money away.
time for some more ‘stimulus money’ i guess.
You are a lying ****sucker mister president.
LLS
berry soetero, you are a barefaced lying scumbag, nothing more.
0 is scary...he’s a chameleon. Changing for the environment whether it be human or physical as he (or his handlers) deem(s) appropriate.
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