Statement on Proposed Tax Increases
10/14/1987
https://www.presidency.ucsb.edu...
These unilateral reductions would, however, give a long-awaited encouragement for our efforts to achieve the genuine bal...
I think he recognizes that their massive buildup has been responsible for the great economic crisis that he faces there ...
We've only heard the same as you've heard: that he has been suggesting doing something of this kind.
I agree very much with his decision.