04/09/2012 02:57 pm ET Updated Jun 09, 2012

Video Shows Ronald Reagan Declaring Support For Tax System Similar To Buffett Rule

Last fall, when President Obama debuted the Buffett Rule -- the simple idea that millionaires and billionaires should pay at least the same tax rate as middle class workers -- we climbed into the wayback machine and found a video of President Ronald Reagan decrying "crazy" tax loopholes that allowed a millionaire to pay a lower tax rate than a bus driver.

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