“We’re going to close the unproductive tax loopholes that allow some of the truly wealthy to avoid paying their fair share.“
– President Ronald Wilson Reagan, June 6, 1985, speaking at Northside High School in Atlanta, Georgia
Here’s the rest of his remark in context.
“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.”
When Reagan asked the crowd whether millionaires should be paying more or less in taxes than a bus driver, the crowd resoundingly responded Read the rest of this entry »