Reagan dramatically cut taxes in 1981, severely worsening the deficit situation. He then spent the rest of his administration raising taxes for deficit reduction. He's now a conservative hero.
George W. Bush dramatically cut taxes in 2001 and 2003, severely worsening the deficit situation. President Obama comes along and proposes take a page out-of-Reagan's playbook- raising revenues for deficit reduction, in addition to spending cuts totaling well over $1 trillion.
Conservative reaction: Obama is engaging in class warfare. There must never be tax increases as part of deficit reduction.