Washington, D.C.—Today, the Center for American Progress Action Fund, working with a coalition of progressive groups, will launch a campaign in support of the "Buffett Rule"—the idea that middle-class Americans should not pay higher tax rates than millionaires. The campaign will feature former President Ronald Reagan. Footage uncovered by CAP Action Fund and released today shows that the Republican icon repeatedly argued against tax loopholes allowing millionaires to pay lower tax rates than middle-class Americans or even nothing at all. Today’s Republicans are so extreme that they are out of touch not only with the 73 percent of Americans—including 66 percent of Republicans—who support the Buffett Rule but also with one of their party’s most revered figures.
Please join the CAP Action Fund for a discussion on why it’s unfair for millionaires to pay lower tax rates than middle-class Americans and why it’s time they pay their fair share so we can make the investments we need to put America back to work. CAP Action Director of Fiscal Policy, Seth Hanlon, will also be on hand to discuss Reagan’s support for ending tax loopholes benefiting millionaires and what the 1986 tax reform achieved.
- Jennifer Palmieri, President and Chief Executive Officer, Center for American Progress Action Fund
- Seth Hanlon, Director of Fiscal Policy, Center for American Progress Action Fund
- Michael Linden, Director, Tax & Budget Policy Center for American Progress Action Fund
Monday, October 3, 2011 1:00 p.m.
ID # 15686775
For More Information:
Contact Katie Peters at firstname.lastname@example.org or 202.741.6285.
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