Quote Originally Posted by Aloha_Shooter View Post
I think that's a false premise. There have been a lot of people on the right decrying tax loopholes starting with Dick Armey, Jon Kasich and Paul Ryan. In fact, IIRC the GOP agreed several times to eliminate tax loopholes if O'Bummer would agree to return to Reaganesque rates but of course the Democrats refused to even consider rate reductions.
Which Reaganesque rates? The 50% maximum marginal rate with 20% capital gains tax of his first trem or the 28% maximum marginal rate with maximum of 28% capital gains tax that ended his second term? I can't see any rich people wanting to return to those rates, especially with no loopholes/exceptions.