"We’re going to close the unproductive tax loopholes that allow some of the truly wealthy to avoid paying their fair share. In theory, some of those loopholes were understandable, but in practice they sometimes made it possible for millionaires to pay nothing, while a bus driver was paying ten percent of his salary, and that’s crazy. […] Do you think the millionaire ought to pay more in taxes than the bus driver or less?" - Ronald Reagan

Reagan Called For An End To ‘Crazy’ Tax Loopholes That Let Millionaires Pay Less Than Bus Drivers - ThinkProgress

thedailyfeed
Reagan believed that there were constitutional limits on federal power, yet he understood that constitutional arguments wouldn’t resonate with modern Americans, living in a highly mobile society defined by technological and social change. Perry and Paul are offering a federalism rooted in constitutional nostalgia. Reagan offered a federalism that looked to the future.
Columnist Reihan Salam argues that Reagan did federalism better.  (via thedailyfeed)
wisconsinforward

wisconsinforward:

“Will the Democrats take this as a chance to go on offense?  Will national Democrats take a lesson from Wisconsin Democrats?” —Rachel Maddow.

Outstanding coverage of the FAA shutdown and union rights, plus a look back at Reagan’s firing of air traffic controllers.

The full consequences of a default — or even the serious prospect of default — by the United States are impossible to predict and awesome to contemplate. Denigration of the full faith and credit of the United States would have substantial effects on the domestic financial markets and the value of the dollar in exchange markets. The Nation can ill afford to allow such a result. The risks, the costs, the disruptions, and the incalculable damage lead me to but one conclusion: the Senate must pass this legislation before the Congress adjourns.