On the recordMarch 12, 1985
High tax rates discourage work, risk-taking, initiative, and imagination.
Source
presidency.ucsb.eduHigh tax rates discourage work, risk-taking, initiative, and imagination.
Remarks at a White House Meeting With Members of the American Business Conference
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More from Ronald Reagan
America is the shining city on the hill. Welcome all who enter to follow their dreams.
We have not come this far through lack of strength or any weakness in our resolve, nor has there been anything inevitable about what we've achieved.
We understood the key to prosperity was low-inflationary growth, and we achieved it.