Ronald Reagan actually said...

An economy that's stifled by restrictive tax rates will never produce enough revenue to balance the budget.

Remarks at a White House Reception for the Republican National Committee

06/11/1981

More Ronald Reagan Quotes

The real issue is the Federal deficit—and the pork-barrel and spending boondoggles that increase it.

We have put in place policies that are in the long-term best interest of the Nation.

Tax reform enhances incentives to work, save, and invest.

I believe that these actions are a significant step in defense of traditional humanitarian law.