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The Fiscal Cliff: What Would Reagan Do?

rreid Wrote: Dec 20, 2012 1:15 PM
The MSM already has their stories written and waiting to deride the Republicans lack of ability to stay their course! Better to let them vent their hatred on the rights insistance on no tax increases! Either way they are going to pounce! Better to die a hero than a coward!

Editor's note: A version of this article first appeared at FoxNews.com. It was also co-authored by Michael Reagan.

As President Obama and Democrats urge Republicans to increase taxes, some liberals are curiously invoking the name of Ronald Reagan, the ultimate tax-cutting Republican. They insist that even Reagan was willing to compromise with Democrats on tax increases; thus, John Boehner and Republicans should as well. In truth, this is (at best) a false parallel.

It is correct that Ronald Reagan occasionally compromised on certain tax increases, as he did in 1982. He did so in exchange for promised...