Tax Reform's 'Magnificent Moment’

Penny Young Nance

Fresh off his landslide reelection, Ronald Reagan could have spent his political capital on many things. What he chose was tax reform.  “No other issue goes so directly to the heart of our economic life. No other issue will have more lasting impact on the wellbeing of your families and your future,” he told the nation in a prime time address from the Oval Office.  Reagan understood that tax reform was a critically important conservative economic priority for our families and future generations because it would jump start the economy, improve our economy's competitiveness and cut countless market distorting loopholes out of the code that attempt to engineer social policy......To Read More...