ROLLING STONE: How the GOP Became the Party of the Rich

Home/National Politics/ROLLING STONE: How the GOP Became the Party of the Rich

ROLLING STONE: How the GOP Became the Party of the Rich

The inside story of how the Republicans abandoned the poor and the middle class to pursue their relentless agenda of tax cuts for the wealthiest one percent

The year was 1985. The president was Ronald Wilson Reagan. Today’s Republican Party may revere Reagan as the patron saint of low taxation. But the party of Reagan – which understood that higher taxes on the rich are sometimes required to cure ruinous deficits – is dead and gone. Instead, the modern GOP has undergone a radical transformation, reorganizing itself around a grotesque proposition: that the wealthy should grow wealthier still, whatever the consequences for the rest of us. Modern-day Republicans have become, quite simply, the Party of the One Percent – the Party of the Rich. “The Republican Party has totally abdicated its job in our democracy, which is to act as the guardian of fiscal discipline and responsibility,” says David Stockman, who served as budget director under Reagan. “They’re on an anti-tax jihad – one that benefits the prosperous classes.”

Read the rest at rollingstone.com

Shares 0
November 15th, 2011|