Rep. Michele Bachmann, shown speaking at a reception by the anti-tax group Iowans for Tax Relief, was once a prosecutor for the IRS. On the campaign trail, she has made that part of her resume a selling point.

Steve Pope/Getty Images hide caption

toggle caption Steve Pope/Getty Images

President Reagan signs the Tax Reform Act of 1986. The bipartisan reform shifted a large part of the tax burden from individuals to corporations and also exempted millions of low-income households from federal income taxes.

U.S. Federal Government hide caption

toggle caption U.S. Federal Government

President Obama holds up a copy of his jobs bill as he speaks at Eastfield College in Mesquite, Texas. Obama is challenging a divided Congress to unite behind the bill or get ready to be run "out of town" by angry voters.

Susan Walsh/AP hide caption

toggle caption Susan Walsh/AP

The debt reduction supercommittee had its first public meeting Tuesday. It would take at least seven of the supercommittee's politically divided members to approve any plan they come up with.

J. Scott Applewhite/AP hide caption

toggle caption J. Scott Applewhite/AP

One part of the president's deficit-reduction plan, the "Buffet rule," is named after billionaire Warren Buffett who says high-income earners like him should pay more in taxes. Pablo Martinez Monsivais/AP hide caption

toggle caption Pablo Martinez Monsivais/AP

NPR thanks our sponsors

Become an NPR sponsor