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Ronald Reagan Was A Socialist

October 29, 2008 Leave a comment

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You know, Teddy Roosevelt, a Republican, was very much an advocate of what’s called progressive taxation. Ad that is the rich pay more than the poor in terms of taxes.

Now, one of the most effective popular programs we’ve had in the last three decades. It’s called the earned income tax credit. It’s a program whereby, if you’re a working person, a working couple and you’re below the poverty line, the government will actually give you money. That’s a redistributed program. It’s a program which takes money from the upper classes and gives it to the lower — to the working poor.

Now who started that program? The earned income tax credit? Ronald Reagan. It was one of the — it was an achievement of the Reagan administration that Bill Clinton then built on.