Ronald Reagan actually said...

And in particular, I want to thank you for eliminating needless brackets and lowering the rates to 15 and 27 percent.

Remarks Prior to a Meeting With the Senate Finance Committee on the Tax Reform Bill

05/19/1986

More Ronald Reagan Quotes

I know that the people have been told where we're eliminating a number of so-called tax deductions... that if the people have any questions ...

I don't think that protectionism is the way to go.

I am basically opposed to the idea of punitive sanctions.

I would think that that would be our task in history—to deal with that problem.