So my last politically inspired cartoon poked fun at the Republicans so now it is the Democrats turn. Time and time again I see Democrats invoking the spirit of Ronald Reagan to shame Republicans into agreeing with their policies. Somehow Reagan has turned from representing all things evil with Conservatives to the voice of an elder (albeit deceased) elder statesman.
Recently President Barack Obama invoked a quote from Reagan to defend the Buffet Rule (a plan to up the tax on the rich) calling Reagan (gasp) “a socialist” compared to the ‘Republicans of today. At the same time he said “Trickle Down Economics” didn’t work…a phrase that was the basis of the Reagan plan.
The difference is how they are looking to go about it. Obama wants to raise tax on the über rich…something the majority of Americans will get behind simply because it doesn’t affect them. However, what Reagan wanted to do was similar to all Republican platforms generally and fight to reduce taxes. I am not one of those people that clamors for tax deductions. I think they are a necessary part of living in an advanced society. However, I hate it when my tax money is wasted because of politics that both sides tend to partake in.
AND, I agree with Reagan that the key isn’t to just raise taxes on the rich. It is to remove all the tax loopholes that seem to be available to the rich such that people like Warren Buffet pays less as a percent of income than his secretary. Hilarious that Buffet will make that point but still take advantage of those loopholes himself. Simplify the tax code, get rid of the loopholes that seem to pop up and we won’t need to worry so much about whose taxes should be raised or not.