When I came to Congress, the Eisenhower administration had just left here. And the tax rate at the top was 94 percent. And all through the tax rate was much higher than it is today. We Democrats, who have controlled the Congress ever since then, have reduced those rates from 94 percent down into the 30 percents. So the gentleman is just dead wrong when he says we did not reduce taxes in the Democratic administration. He does not know what he is talking about.
Sam Gibbons: “When I came to Congress, the Eisenhower administration had just left here. And the tax rate at the top was 94 percent.…”
Editor's note · Context
Defending the Democratic record on tax rate reductions during a debate.
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