Reid: Republicans Allow Millionaires To Keep Gaming The Syst

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Reid: Republicans Allow Millionaires To Keep Gaming The System While Middle Class Picks Up The Tab
from Senate Democrats by aaron
Washington, D.C. – Nevada Senator Harry Reid spoke on the Senate floor today on Senate Republicans rejecting the Paying a Fair Share Act. Below are his remarks as prepared for delivery:

Yesterday Senate Republicans once again rejected the idea that millionaires and billionaires should contribute their fair share to help this country prosper.

Republicans sent a message to millions of honest, hard-working Americans who will file their taxes today: it’s fair for Warren Buffett to pay a lower tax rate than his secretary.

Republicans said it’s fair for Mitt Romney to pay a lower tax rate than his cleaning lady or his chauffer.

They believe it’s fair for hedge fund managers and executives to pay a lower tax rate than school teachers and waitresses and bus drivers.

That’s just crazy.

But that’s not my word for it. That’s what President Ronald Reagan called a system of “unproductive tax loopholes that allow some of the truly wealthy to avoid paying their fair share.”

In 1985, Ronald Reagan knocked the web of loopholes that allowed people making hundreds of millions of dollars each year to pay lower tax rates than construction workers or janitors. President Reagan called it “crazy.”

http://democrats.senate.gov/2012/04/17/ ... p-the-tab/