Political Quotes

“Mr. President, we stand today on the precipice of the most sweeping change to our Nation's tax system in over 30 years. This is a historic moment, as this distinguished body begins final consideration of the Tax Cuts and Jobs Act--tax reform that will help boost America's economy, create more jobs, and leave more money in people's paychecks. The last time we considered tax reform similar to this magnitude was 1986. To help remind us how much our country, its economy, and the people have changed since that time, let's review some of the events of that year. In 1986, the Dow Jones Industrial Average closed at 1,895--sure that 20,000 would never be broken, and it wasn't until after the last election. It now stands at over 24,000. A gallon of gas cost just 89 cents. Today it is close to $2.50. We still used land lines to phone our loved ones. Iconic movies such as ``Top Gun'' and ``Aliens'' opened. Americans were watching TV shows like ``Dynasty'' and ``Hill Street Blues.'' The Associated Press chose NBA star Larry Bird as one of the Athletes of the Year. President Ronald Reagan signed into law the Tax Reform Act of 1986, which ushered in deep tax rate cuts for American families and an overhaul of our complicated Tax Code. When he signed the bill, Reagan commented on the length of the journey and noted that some people thought it would never happen.…”