Presidents Reagan and Obama support Buffett Rule

Reagan and Obama form an unlikely alliance to make sure bosses don't pay lower taxes than their secretaries. They are opposed by Mitt Romney and the GOP of 2012.

Reagan asks crowd whether millionaires should be paying more or less in taxes than a bus driver

In a June 6, 1985 speech at Northside High School in Atlanta, Georgia, then President Ronald Reagan explained that tax loopholes allowing a millionaire to pay lower taxes than a bus driver were “crazy,” because they allowed the “truly wealthy to avoid paying their fair share.”