Pete Sessions: “As I recall, we spent at least one or two of those elections talking about how the stock market was down and how people…”

“As I recall, we spent at least one or two of those elections talking about how the stock market was down and how people had lost their savings and their pensions were in trouble, and how all of these terrible things were happening, cataclysmic events. Then along came a market-based idea which we had known and understood not just from watching President Kennedy who cut capital gains and President Reagan to talk about you cut taxes you get more money because of invasion, isn't it true what this brave Republican Congress did is they cut taxes because they wanted to spur the American economy for people to have jobs and be competitive with the world, and so families would have an opportunity to keep more of what they made rather than giving it to the government.”