Proclamation 5490—Prayer for Peace, Memorial Day, 1986
05/21/1986
https://www.presidency.ucsb.edu...
It could also discourage and slow the introduction of useful product innovations.
On average, consumers would have to spend an estimated extra $1.4 billion per year on appliance purchases.
Higher prices would force many to buy more expensive appliances than they would have otherwise.
Today I announce my intention to nominate Charles R. Gillum to be Inspector General of the Small Business Administration.