BUMPED:Barack Obama has as much in common with Ronald Reagan as Whitney Houston had with sobriety: Obama continues to lie about tax rates

Oh, yeah, I went there!

To hear President Obama invoke the name of one of the most beloved presidents in the history of the United States to sell his fraudulent �Buffett Rule� scheme turns my stomach.

Obama and the Democrats hate Reagan. Yet they have no qualms using his name to mislead the American people that Warren Buffett pays at lower tax rate than his secretary. It�s a flat out lie most educated people understand.

Politico reports President Obama continued his push Wednesday to build support for the Buffett rule by suggesting that Ronald Reagan would've backed the plan to set a minimum 30 percent income tax for the wealthiest Americans.


"If it will help convince folks in Congress to make the right choice, we could call it the Reagan rule instead of the Buffett rule," Obama said in the Eisenhower Executive Office Building.
 "I'm not the first president to call for this idea that everyone has to do their fair share," he said, quoting one speech in which Reagan said it was "crazy" for the rich to be able to use loopholes to get out of paying taxes. "He thought that in America the wealthiest should pay their fair share and he said so."

More here

Each of Warren Buffett�s companies pay 35% tax rate and he pays 15% on capital gains. That 50%! If I could ask Obama one question: Where is the secretary in America paying a 50% tax rate?



The Last Tradition is fast becoming one of the most noted political blogs on the net. Don�t miss out on the fun and tell a friend.