Pop quiz: Who said this?
“We’re going to close the unproductive tax loopholes that allow some of the truly wealthy to avoid paying their fair share. … They sometimes made it possible for millionaires to pay nothing while a bus driver is paying 10 percent of his salary—and that’s crazy.”
It’s not President Obama. That’s conservative hero President Reagan, speaking—to great applause—in 1985 (check out the great video footage below that Think Progress uncovered).
Twenty-six years later, it’s President Obama and Democrats (as well as 73 percent of Americans) who are fighting for the same commonsense position as President Reagan on the issue of tax cuts for the wealthiest Americans. President Reagan’s fellow Republicans are bending over backward to keep the taxes of millionaires, billionaires, and corporations to a minimum—putting the economy at risk simply to hurt President Obama and appease Tea Party extremists.
Obama campaign press secretary Ben LaBolt released a memo Monday morning underscoring just how out of step with average Americans the 2012 Republican presidential candidates have become in their quest to pander to the extreme right-wing Tea Party.
“From economics to immigration, Governor Perry, Governor Romney, and the Republican field have embraced policies that the American people oppose. The campaign to win the Republican nomination has become a campaign to win the hearts and minds of the Tea Party. They would return to policies that have been tried before and done nothing to improve economic security for the middle class, rewarding special interests who can afford to pay for lobbyists instead of looking out for working families.
“While the President is fighting to create jobs and put money in the pockets of middle-class Americans, the Republican candidates have proposed extending tax breaks for large corporations and tax cuts for the wealthiest while allowing special interests to write their own rules.”
Read the memo here