Ah, the 1986 tax reform. That was the most perfect bill ever passed by the Congress. An amazing compromise between left and right. Simplified the code, lowered rates, closed loopholes. You can still see its ghost in the present code, in the form of higher personal exemptions and the fact we still have fewer brackets than before it was passed.
I just say nationalize Berkshire Hathaway. 1) It solves warren's tax complaint. 2) It generates far more revenue immediately for the govt to waste.
It's quite disingenuous to equate someone clamoring outrage at different tax rates on differing types of income (capital gains vs earned income) and someone targeting abusive tax strategies . But then again liberals are not known for being factually correct when they aren't lying their a$$es off.
Even if the positions of Reagan and Obama were the same on this -- and they're not even close -- their differences couldn't be bigger. For example, Reagan NEVER would have tried to sell us out to the Russians on missile defense. <iframe width="480" height="360" src="http://www.youtube.com/embed/XsFR8DbSRQE" frameborder="0" allowfullscreen></iframe>
<iframe width="480" height="360" src="http://www.youtube.com/embed/XsFR8DbSRQE" frameborder="0" allowfullscreen></iframe> Treasonous?