With my plan in place, jobs will grow, family incomes will rise and we will make America great again.
Today is the anniversary of former president Ronald Reagan signing into law the Tax Reform Act of 1986. The act was the second major law he signed to reform the tax code for the American people.
Republicans and Democrats came together to cut taxes for hardworking families in 1981, and again in 1986 to simplify the tax code, so that everyone could get a fair shake. The rest, as they say, is history.
The economy boomed, launching into one of the largest peacetime economic expansions in history. Dormant small businesses and factories sprung back to life. The famed American Worker produced at unprecedented levels. The median family income rose. And more American products than ever before reached foreign shores, stamped with those four beautiful words: “Made in the USA.”
The 1980s also saw extraordinary ideas transformed into reality by American inventors and entrepreneurs. Many of those creations dramatically improved our quality of life. Others connected us like never before and put an entire universe of information at our fingertips. Still others, like the space shuttle after its first launch in 1981, stretched the bounds of what we thought was possible for humankind.
Read the rest from President Trump HERE and follow links below to related stories/opinions:
Kevin D. Williamson: Tax Cuts . . . And?
Donald Trump’s Permanent $1 Trillion Deficit
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