Politics

Obama: Ronald Reagan a ‘wild-eyed, socialist, tax-hiking class warrior’

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Nicholas Ballasy
Senior Video Reporter
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      Nicholas Ballasy

      Nicholas Ballasy is the Senior Video Reporter for The Daily Caller covering Congress and national politics. Ballasy has interviewed a wide range of political leaders and celebrities including former President Bill Clinton, Sen. John McCain, Sen. John Kerry, former Gov. Mitt Romney, former House Speakers Nancy Pelosi and Newt Gingrich, Kevin Spacey, Tom Hanks, Whoopi Goldberg, Richard Dreyfuss, Harrison Ford, Matt Damon, Joan Rivers, Gloria Estefan, Jon Stewart, Dave Matthews, Neil Munro, Stevie Wonder, etc. His work has been featured by CNN, Fox News, NBC, CBS, ABC, The Drudge Report, Washington Post and New York Times, among others.

President Barack Obama said the White House proposed “Buffet Rule” could be named the “Reagan Rule,” referring to former Republican President Ronald Reagan as a “wild-eyed, Socialist, tax hiking class warrior.”

“This president gave another speech where he said it was ‘crazy’ — that’s a quote — that certain tax loopholes make it possible for multimillionaires to pay nothing, while a bus driver was paying 10 percent of his salary,” Obama said at the Eisenhower Executive Office Building Wednesday. “That wild-eyed, socialist, tax-hiking class warrior was Ronald Reagan.”

Obama floated the idea of renaming the “Buffet Rule,” which would require individuals making over $1 million annually to pay at least 30 percent in federal income taxes.

“If it’ll help convince folks in Congress to make the right choice, we could call it the ‘Reagan Rule’ instead of the ‘Buffett Rule,’” Obama said.

Obama also said Reagan thought “the wealthiest should pay their fair share and said so,” adding, “I know that position might disqualify him from the Republican primaries these days, but what Ronald Reagan was calling for then is the same thing we’re calling for now – a return to basic fairness and responsibility. Everyone doing their part.”

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