A Quote by James B. Stewart

Advocates of a tax overhaul often point to the 1986 act as a model for a comprehensive approach that ushered in a long period of economic growth.

James B. Stewart

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Act Approach Comprehensive Economic Economic Growth Growth Long Long Period Model Often Period Point Tax

Quote Author

James B. Stewart
American - Journalist
Born: 1952

President Reagan, Jack Kemp and other advocates of supply-side economics understood that pro-growth tax, spending and economic policies were essential to America's long-term economic and fiscal health.

Bob Beauprez

The 1986 tax act is sort of the unsung hero of the very good economic times we had for a long time. Of course, politics gums it all up again and preferences get put in.

George P. Shultz

Eventually economic growth reaches the point at which the accumulation of wealth in the families of achievers becomes so significant that the hatred and envy of success become stronger than the desire for continued economic growth, and a period dominated by resentment begins.

Robert Sheaffer

Tax reform is the legislative challenge of a generation for America. It hasn't been accomplished since 1986, when President Reagan and Congress delivered the most sweeping overhaul of our nation's tax code in American history. 2017 is the year to change that and make history of our own.

Kevin Brady

Growth works. What we're doing in the administration to spur growth in terms of regulatory form work. And what we're working is to make sure that those tax cuts add to that. We do believe that sustained 3 percent economic growth is possible and that that is the way you can balance the budget long-term.

Mick Mulvaney

The real estate lobby has prominent allies in both parties. After the last major overhaul of the tax code, in 1986 - under a Republican president, Ronald Reagan, a Republican Senate and a Democratic House - it was a Democrat, Bill Clinton, who signed legislation that restored lost real estate tax breaks seven years later.

James B. Stewart

We need to have the growth. If we simply look at this as being deficit-neutral, you're never going to get the type of tax reform and tax reductions that you need to get to sustain 3 percent economic growth. We really do believe that the tax code is what's holding back the American economy.

Mick Mulvaney

Let's eliminate the income tax, which is one huge speed bump to long-term economic growth and recovery.

Tate Reeves

The data does not support that high-income tax cuts are the main drivers of growth, so I don't think that uncertainty over what the tax rate will be for someone that makes a million dollars a year has that big an impact on the economic growth rate in the country.

Austan Goolsbee

Economic growth, profitability, prosperity, jobs, increased jobs, increased wages, they're able to get that tax rate down to 15% and we're gonna call it tax relief, not tax breaks, not tax loopholes. It's important to control and reclaim the language here.

Rush Limbaugh

Our broken tax code is one of the main reasons the United States lags behind when it comes to economic growth, job creation, and competitiveness. Without pro-growth tax reform, our workers and our businesses will continue to suffer.

Kevin Brady

The bottom line is that the death tax is a tax on the economy because it slows economic growth.

Todd Tiahrt

Unlike Hegel's progress model of history, which moves by stages, each containing its own logic of growth and decline, the economic model develops as the simple function of one money-variable over time, with a long-term trend which increases monotonically.

John Carroll

I believe we need a balanced, bipartisan approach to debt reduction that includes a combination of spending cuts, investments in economic growth, and simplification of the tax code that closes corporate loopholes that incentivize companies to ship jobs overseas.