Showing posts with label Reagan. Show all posts
Showing posts with label Reagan. Show all posts

February 12, 2024

Reagan vs Trump on the value of NATO

After the American Century

NATO is under attack. Not from Russia but from Donald Trump. He is the first American president ever to suggest that US allies ought to be attacked. He is the first to openly encourage Russia to make such an attack. If he becomes president, he will drive Europe away from the US, increase the danger of a wider war in Europe, and undermine the rule of law internationally.

Trump is a disgrace to himself and to the Republican Party. Ronald Reagan would not vote for anyone holding such views.

This is what Reagan said forty years ago, on the 35th anniversay of NATO's establishment:

"Throughout its history, the NATO Alliance has been challenged by the military power and political ambitions of the Soviet Union. Yet, in every decade, the nations of the Alliance have consistently pulled together to maintain peace through their collective strength and determination. On the basis of that strength and unity, the nations of the Alliance also have taken the initiative to seek a more constructive relationship with the Soviet Union.

"Over the years, NATO has grown from its original twelve members to include Greece, Turkey, the Federal Republic of Germany, and, most recently, Spain. It has demonstrated a capacity to adapt to evolving political and security challenges and to meet the changing needs of its members. The Alliance's commitment to collective security has been sustained through full democratic respect for the sovereign independence of each member.
I am proud to rededicate the United States to the ideals and responsibilities of our Alliance."

President Ronald Reagn, March 6, 1984


Why do Republicans honor the memory of Reagan and yet support Trump. Have they not lost their way? 

September 21, 2011

Obama's Tax Plan Less Demanding than Reagonomics

After the American Century

The Republican position on taxes is essentially that their hero Ronald Reagan was wrong. President Obama wants to go back to a tax code much like that which became law under President Reagan. It reduced taxes but it also closed some loopholes and it made American corporations pay more than they had been.   

Look at the maximum tax rate for today and for 1986, when Reagan had been president for six years.
In 1986 the Federal tax rate for a husband and wife, filing together, was 50% on income over $358,782. 
In 2011 the Federal tax rate for a husband and wife, filing together, was 35% on income over $379,150.

Of course the US tax code is complex, and many deductions can come into play, but let us focus on the basic fact. The highest rate in 1986 was 50%, but a quarter century later it is only 35%. Under President Clinton the highest rate was 39.6%.  The rich have seldom had it so good, and the economy has seldom been so bad.

A tax plan that is far less demanding than that passed by President Reagan is now being attacked by the Republicans as "class warfare" - which shows how ridiculous public debate in the US has become, Warren Buffet and other billionaires are willing to pay more taxes, because they see that it is not just or fair or economically sustainable for them to pay as little as they now do.

The Bush tax cuts during his first term were not responsible fiscal policy. They encouraged a housing bubble and they made it impossible for the US government to pay its bills. They created the current financial mess, and the tax laws they passed need to be revised.

Obama should promoting his plan as a return to Reagonomics.