Political Quotes

“This month, as American families and businesses anxiously await Congress' action on the expiration of any number of tax cuts, I thought it would be a good idea to ask ourselves again that question: What would Ronald Reagan do? Let's query the Gipper. After all, for the past 3 years all we've heard from Republicans is the claim that President Obama taxes too much. When the Tea Party started its lobbying efforts in 2009, their name ``tea'' actually was an acronym standing for ``taxed enough already.'' So just like the Republican Party, the Tea Party expressed an apoplectic furor about what they thought was happening to taxes. But while blind conjecture and pithy slogans are useful in getting attention, they ultimately fail unless they're backed by facts. Thankfully, the nonpartisan Congress Budget Office recently came out with its comparison of the average Federal tax rates paid by American families over the past 31 years. I'm sure Republicans and the Tea Party were all as surprised as many of us to learn that since 1979 Americans paid the lowest average Federal rate in 2009 under President Obama. That's right. Thanks in large part to the Recovery Act's $243 billion in middle class tax cuts--which my friends on the other side of the aisle opposed to a person--the average Federal tax rate fell to a 31- year low.…”