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Republicans, Meet Ronald Reagan The Original Class Warrior
President Obama has the GOP actually calling President Reagan a Marxist, Communist,class warrior, and they are just too ideologically driven to oppose this President to see it.
Back in 1986 President Reagan revamped the entire tax code. This was the last time the American tax code got a much needed cleansing. It is well over due, since the special interests have blown and drilled more holes into the code than anyone knows what to do with.
President Reagan lowered the highest marginal tax rate to 28%, closed loopholes, minimized the tax brackets and taxed capital gains at the same rate as regular income in the Tax Reform Act of 1986.
This is exactly what President Obama is trying to do with the Buffett rule. According to the Whitehouse website President Obama wants to cut rates, like Reagan did, close loopholes, like Reagan did, and increase capital gains rates to what the average worker pays.
Did President Reagan assert class warfare? Obviously not according to his disciples.
This is just further proof that the right wing, conservative Republicans are even further to the right of the man they seek to idolize, President Reagan. President Reagan, in all that I disagree with him on, is looking more and more liberal than the current crop of conservatives that are running the House of Representatives.
If President Reagan thought raising capital gains to equal the top marginal income tax rate of 28% was a good idea. Why would raising capital gains to equal the average middle income earner’s tax rate under President Obama be a bad thing, which is right around 28%.
Did this oppressive capital gains tax rate of 20% and 28% under Reagan deter investment? Did it deter investment under Clinton? NO!, This simply, the Republican Party declaring class warfare when they have absolutely nothing to offer the American people. They are even fighting against their own party’s past principles and ideas.
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Sally
Sep. 23rd, 2011 at 12:33 pm
What? You expected the GOP to be fair, knowledgeable of history, and honest?
Reynardine
Sep. 23rd, 2011 at 12:33 pm
Well, dammit, they’re committing class genocide, but it only becomes warfare when the rest of us fight back.
SinghX
Sep. 23rd, 2011 at 3:47 pm
Spot on! I would add they are committing Multi-generational atrocities as entire families are being affected. I know of few 20-30 somethings’ saying they can afford/will bear children, and yet, the “Quiverful Movement” claim that each and every child they have as a “weapon” for Jaysuss; they send their children into a society like human baby-making bombs…I digress. Reagan is dead and can’t deny or defend their worship of him so, they mythologize him into a saint and lie their cares away…as if he’s going to “rise” from the dead and fix everything.
neil
Sep. 23rd, 2011 at 1:47 pm
Here’s the way it shakes.deficits only matter when democrats are in power,The constitution is only a piece of paper unless we need it to reenforce our talking points,we don’t want to pay taxes unless we can increase them on poor people and allow rich people to skate.Hypocrisy thy name is gop/tea party.
John Myste
Sep. 23rd, 2011 at 1:51 pm
Reagan is just a symbol, a statue that can symbolize whatever the GOP needs it to. The GOP thinks nothing like Reagan. But that’s not how the GOP remembers it.
The GOP claims to have the same ideals the Founding Fathers had. The Founders thought with one mind and were not bickering over the powers the Federal government should have to promote the general welfare. That’s how the GOP remembers it, anyway.
The Founding Fathers were Christians, like them, as they recall. Only the Founders actually could not agree on a single faith. Thomas Jefferson, Benjamin Franklin and Thomas Paine all argued that the Bible was a book of mythology; but that’s not how the GOP remembers it.
The GOP is mostly a Christian organization. They worship Jesus. Jesus, the Son, thought nothing like His God, the Father. Jesus did not hate and generally did not want revenge. He usually did not punish one person for the sins of another. He did not detest homosexuals. He did not hate those who practiced other religions and worshipped other Gods. He did not wish to torture them.
Jesus was a Passover observant Jew. He would never have indulged in Pagan-oriented holidays, like Christmas and Easter. However, Jesus is the GOP hero, a statue of their own construction, and the exact same Statue as the Father. The Father and the Son did not agree on very much, and they were not Republicans, but that’ s not how the GOP remembers it.
The GOP has lots of statues: heroes, they idolize and use to represent their worldview. These statues cast long shadows, much greater than their sources, their human inspiration. The Statues represent the GOP platform, they are mascots for it. The GOP made them and they serve no other function than to symbolize it. GOP heroes were nothing like the real people whose images these statues bear. But that’s not how the GOP remembers it.
Cecily hardy
Sep. 23rd, 2011 at 8:24 pm
Very well said! Excellent!
alienbaby
Sep. 23rd, 2011 at 3:59 pm
Warren Buffet’s secretary is paid with pre-tax funds; taxed once.
Warren Buffet’s capital gains is paid post-tax; taxed twice.
Warren Buffet’s effective tax rate is much higher than his secretaries; it’s just spread across two legal entities, the company and Buffet himself.
Corporate Entity
Sep. 24th, 2011 at 1:31 pm
Corporations are legally and functionally seperate living entities apart from the people that compose them.
Will you please stop DENYING their rights? It is disturbing that Corporations have worked and struggled for over 100 years to attain the rights endowed to a living entity in the United States and now you want to begin stripping away the rights associated with their own income, including being taxed!
Corporations are artificial people too! DON’T TREAD ON ME!
DidiM
Sep. 23rd, 2011 at 4:01 pm
What’s even more confusing is the amount of GOP followers there are in the country; who post identical ‘ugly and cruel slurs’ against anyone they believe is a non Republican: with wild accusations and personal attacks that make no sense whatsoever and deliberately make having a dialogue of any kind impossible! They’ve become terrible bullies whilst declaring themselves Christians? How dare they sully the name of Christ.
Mike B
Sep. 23rd, 2011 at 4:18 pm
O’Rielly is right, this is class warfare. The rich might have the money but we have the numbers. “Remember Bastille day!”
Brandt Hardin
Sep. 23rd, 2011 at 8:40 pm
Reagan has a legacy so distorted by the Conservative idolization of him that we may never have a clear picture of the real man behind the television. Did he rid the world of commie scum? Check out my portrait of The Gipper in commemoration of his 100th birthday at dregstudiosart.blogspot.c...
HeftyJo
Sep. 24th, 2011 at 2:27 am
Uh, the tax rate hikes were part of a package deal with the Democrats that were supposed to include spending cuts of around 3 to 1. The problem is the tax rates were hiked but the spending cuts never came. This is essentially what Obama is doing right now. Tax rate hikes now, some promised spending cuts later on well after he is out of office.
Besides, it was Bill Clinton that cut the Capital Gains rates. And guess what? Revenue increased! Even with Obama was confronted that a historical data showed that increased in Capital Gains reduces revenues he said he didn’t care, it was all in the interest of “fairness”.
Kevin
Sep. 24th, 2011 at 4:26 am
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Evan
Sep. 24th, 2011 at 8:02 pm
I like how nobody seems to have noticed how the sword cuts both ways. If they’re criticizing Obama for a fiscal policy which is no farther to the left than Reagan’s, then we definitely should be as well.
If your definition of “hope” and “change” is a tax system no different from a right-winger so vicious and awful he’s idolized by the likes of Rush Limbaugh and Sarah Palin, I’ll pass. By that measure, Nixon was more progressive than Obama.