Sarah Palin makes provocative comment– news at 11

Okay, so I suppose I’m guilty of giving Sarah Palin more attention than she deserves, but really, I just think it’s crazy (though, given the economics of the news business, entirely understandable) how much undeserved attention she gets.  I mean seriously, Sarah Palin making some comment about America being on the “road to ruin” is not news.  Seems to me, this is pretty par for the course for her.  It’s almost like a headline, “Al Qaeda hates America.”  Anyway, the Post and AP disagree with me as to the newsworthiness:

America is on a “road to ruin” because of misguided policies in Washington and needs to get back in step with the values of Ronald Reagan, Sarah Palin said at an event honoring the former president’s legacy.

I suppose she wants us to raise more taxes on the middle class (via the latest 5 myths):

2. Reagan was a tax-cutter.

Certainly, Reagan’s boldest move as president was his 1981 tax cut, a sweeping measure that slashed the marginal rate on the wealthiest Americans from 70 percent to 50 percent. The legislation also included smaller cuts in lower tax brackets, as well as big breaks for corporations and the oil industry. But the following year, as the economy was mired in recession and the federal deficit was spiraling out of control, even groups such as the Business Roundtable lobbied Reagan to raise taxes. And he did: The Tax Equity and Fiscal Responsibility Act of 1982 was, at the time, the largest peacetime tax increase in U.S. history.

Ultimately, Reagan signed measures that increased federal taxes every year of his two-term presidency except the first and the last. These included a higher gasoline levy, a 1986 tax reform deal that included the largest corporate tax increase in American history, and a substantial raise in payroll taxes in 1983 as part of a deal to keep Social Security solvent. While wealthy Americans benefitted from Reagan’s tax policies, blue-collar Americans paid a higher percentage of their income in taxes when Reagan left office than when he came in.

 

%d bloggers like this: