The hairstyles are frizzier but the arguments on taxes are the same. In 1985 President Ronald Reagan said business executives shouldn't pay lower tax rates than their secretaries. That's just the pitch President Barack Obama is making a generation later, according to a video going viral on Reddit and elsewhere.
An urban-sounding narrator quotes Reagan saying a man who made a six-figure income wanted to testify before Congress to explain why he thought "paying a smaller tax" than his secretary was wrong. Obama now says much the same thing about Warren Buffett's secretary.
In 1985, Reagan delivered another speech further expounding on the effects of loopholes that allowed the wealthy to pay little to no taxes, says the unnamed video narrator.
"We're going to close the unproductive tax loopholes that have allowed some of the truly wealthy to avoid paying their fair share," Reagan told the crowd. "In theory, some of those loopholes were understandable, but in practice they sometimes made it possible for millionaires to pay nothing, while a bus driver was paying 10 percent of his salary, and that's crazy. It's time we stopped it."
Via Reddit and YouTube.