Pop quiz: Who said this?

"We're going to close the unproductive tax loopholes that allow some of the truly wealthy to avoid paying their fair share. … They sometimes made it possible for millionaires to pay nothing while a bus driver is paying 10 percent of his salary—and that's crazy."

It's not President Obama. That's conservative hero President Reagan, speaking—to great applause—in 1985 (check out the great video footage below that Think Progress uncovered).

Twenty-six years later, it's President Obama and Democrats (as well as 73 percent of Americans) who are fighting for the same commonsense position as President Reagan on the issue of tax cuts for the wealthiest Americans. President Reagan's fellow Republicans are bending over backward to keep the taxes of millionaires, billionaires, and corporations to a minimum—putting the economy at risk simply to hurt President Obama and appease Tea Party extremists.