Friday, September 23, 2011

Republicans, Meet Ronald Reagan The Original Class Warrior

By Ray Medeiros

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.

Read the entire story from PoliticsUSA.com

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