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What Would Ronald Reagan Do?

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"What Would Ronald Reagan Do?"

On Reagan’s Birthday, Poll Shows Strong Support for Making Wealthy Pay Their Fair Share

Today would have been President Ronald Reagan’s 101st birthday.  In his honor, let’s look back on what our 40th president had to say about millionaires and tax loopholes.

We’re going to close the unproductive tax loopholes that allow some of the truly wealthy to avoid paying their fair share. In theory, some of those loopholes were understandable, but in practice they sometimes made it possible for millionaires to pay nothing, while a bus driver was paying ten percent of his salary, and that’s crazy. […] Do you think the millionaire ought to pay more in taxes than the bus driver or less?

The Washington Post and ABC News are out with a new poll today showing that Americans recognize that our tax code is broken and want to fix it by making the wealthiest Americans pay their fair share:

  • 72 percent favor raising taxes on millionaires, including 59 percent who strongly favor doing so — this includes a majority of Republicans.
  • 68 percent believe that our tax code is rigged for the benefit of the wealthy, including 56 percent who strongly believe that to be the case.
  • 66 percent believe that Mitt Romney is NOT paying his fair share in taxes and in a head-to-head comparison on the issue of taxes, President Obama was favored over Romney 52 percent to 42 percent. Additionally, Americans trust President Obama over Romney to “protect the middle class” by an overwhelming 55 percent to 37 percent margin.

IN TWO SENTENCES: It’s time to create an economy — and a tax code — that work for everyone, not just the privileged few.  We can start by ending the unfair tax loopholes for millionaires like Mitt Romney that even Ronald Reagan called “crazy.”

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