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Tuesday, October 28, 2008

Gergen: Reagan admin. enacted 'redistribution' of wealth

However, Gergen added that "more importantly, I don't think the Democrats have really answered it appropriately." Gergen suggested that the Democrats should invoke the example of Teddy Roosevelt, who was both a Republican and one of the greatest advocates of progressive taxation in the years immediately preceding the enactment of the current income tax. Gergen also noted that the Reagan administration was responsible for enacting the Earned Income Tax Credit, an extremely successful redistribution program which returns money to the working poor. LinkHere


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