Saturday, August 13, 2011
Perry on Taxes
Rick Perry has some explaining to do.
In announcing his candidacy for president, he said: "We’re dismayed at the injustice that nearly half of all Americans don’t even pay any income tax."
True, but most of the households that pay no income tax are poor or middle class.
And who took many of these folks off the tax rolls? Ronald Reagan. He pushed for the historic 1986 tax reform bill, and in a 1987 statement, he took pride in the consequences: "Millions of Americans with low incomes will be dropped from the Federal income tax rolls altogether."
His political opponents will probably raise a couple of questions. Does Governor Perry think that Reagan was wrong? Does he propose to raise taxes on the poor and middle class?