Reagan Speech on Taxing Millionaires Goes Viral After Georgetown Law Grad Takes Notice
Posted Oct 13, 2011 5:30 AM CDT
By Debra Cassens Weiss
A 1985 speech by President Reagan calling for fair taxation of millionaires had only 800 views before Georgetown University law grad John Craig located the video posted by the Reagan Foundation.
Craig was interning for the liberal group Center for American Progress when he found the video, the Washington Post reports. CAP posted the Reagan speech and compared it to a similar speech by President Obama, garnering more than 200,000 views as of Wednesday afternoon.
In the speech to high school students, Reagan vowed to “close the unproductive tax loopholes that have allowed some of the truly wealthy to avoid paying their fair share.” The loopholes “sometimes made it possible for millionaires to pay nothing,” Reagan said, “while a bus driver was paying 10 percent of his salary, and that’s crazy. It’s time we stopped.”