Reagan was proud of the EITC considering the legislation one of the greatest achievements of his presidency.<quoted text>
political spin from a FOX talking head.
which is fine when he says what you want to hear.
so why do you hate Reagan's 47%?
if only you could spin your way out of that one.
Mitt Romney, meet Ronald Reagan. The Romney-Ryan campaign labels the 47 percent of people who dont pay federal income taxes as takers. But to President Reagan, the godfather of todays conservatives, anyone who worked for a living was a maker, whether he or she paid taxes or not.
Reagan strongly supported the Earned Income Tax Credit (EITC), which sends checks to Americans who work but earn less than around $46,000 a year, depending on family size. Recipients of the credit are among those who dont pay income tax, but Reagan never regarded that as a problem. His administration estimated that the 1986 reform of the tax code would remove 6 million working poor from the tax rolls. Reagan called the reform a sweeping victory for fairness and perhaps the biggest antipoverty program in our history.
Bush II expanded the EITC.