President Obama today said that Ronald Reagan would be seen by today's GOP as a "wild-eyed socialist" and probably would not have gotten the Republican nomination this year. Well, I guess if you are going to tell a whopper, you might as well tell a big one. In fact, this one earns him today's "Golden Cowpie" award.
In fact, any one who was an adult during President Reagan's tenure knows that he fought for substantial income tax cuts, just like President Kennedy. Democrats trotted out the same arguments - that tax revenues would fall. Funny thing, they increased. But then tax revenues aren't really the issue for the Donks any more. When the President says he wants the rich (loosely defined as "anyone making more than you are") to pay their "fair share" what he means is that he wants to punish success; that's what isn't fair. And who is the wild-eyed socialist here? Hint: it's not Ronald Reagan!
crab.rutgers.edu/~mchugh/taxes/The%20Reagan%20Tax%20Cuts%20Lessons%20for%20Tax%20Reform.htm
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