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Cantor refuses to admit Reagan raised taxes

Appearing on the CBS News program 60 Minutes on Sunday night, House Majority Leader Eric Cantor (R-VA) experienced an awkward moment when he was challenged to admit that his hero, President Ronald Reagan, did in fact raise taxes. Cantor was speaking with interviewer Lesley Stahl, who asked if he was…

Reagan budget chief slams GOP on taxes

David Stockman says Wall Street ‘doesn’t deserve’ extension of tax cuts; US becoming ‘banana republic of finance’ A former Reagan administration budget director who was behind the largest tax cut in US history now says the US can’t afford any more tax cuts, and both major parties are participating in…