In promoting the so-called Buffett Rule, President Obama invoked President Reagan using a quote from a speech the Gipper gave in June 1985 at Northside High School in Atlanta, Georgia in which he said it was "crazy" for a bus driver to be paying more in taxes than a millionaire. Obama described Reagan as "a wild-eyed, socialist, tax-hiking class warrior."To read the rest of this post, please check out The Spectacle Blog.
President Barack Obama trod new ground in invoking Republican Party icon Ronald Reagan to pitch his proposal to raise taxes on the wealthy. Mr. Obama puckishly offered Wednesday to rename his proposal, currently called the ?Buffett ... Read Post
Today the White House is really putting on a show to support the Buffett rule, a potential added layer in the tax code that would set a minimum tax rate for those making $1 million a year. It's called the Buffett rule after Warren B... Read Post