6 years ago21 views
If this is true this means a 10% flat tax would be a tax increase for the rich like Mitt Romney and would be a great tax break for the poor. As well as do away with all deductions and loopholes..
Reagan was also for a Constitutional Amendement that would make it illegal for Congress to spend more than it takes in. Reagan went along with a Democrat tax increase in exchange Congress was suppose to cut spending, instead they exploded spending.
Now after all these years the Obama administration is trying to get the Republicans to repeat that same mistake and go along with a Democrat tax increase in exchange for the promise of spending cuts. The Republicans in Congress will be fools if they go along with the Democrats in a spending increase.