Obama: Buffett Rule Could Also be “Reagan Rule”
Ronald Reagan also called for those who earn more to pay their fair share, as President Obama noted in a Wednesday morning speech.
“I’m not the first president to call for this idea that everyone has to do their fair share,” he said, quoting one speech in which Reagan said it was “crazy” for the rich to be able to use loopholes to get out of paying taxes. “He thought that in America the wealthiest should pay their fair share and he said so.”
Though “that position might disqualify him from the Republican primaries these days,” Obama said, repeating a line he’s used in recent weeks to underscore the rightward shift he sees in the GOP.
President Obama has been making this case for awhile. Below, via Think Progress, is mashup of Obama/Reagan making the same points.