Letter to the Senate Majority Leader and the Chairman of the Senate Finance Committee on Proposed Tax Legislation
Dear Howard: (Dear Bob:)
As the Senate begins its consideration of the tax bill, I wish to emphasize my personal support for the bill produced by the Senate Finance Committee.
In my opinion, adoption of this bill will lead us on a downward path of deficit reduction, improve the fairness of the tax system, and maintain the integrity of my economic recovery program. Rather than raising taxes across-the-board, the bill focuses on improvements in taxpayer compliance, the removal of obsolete incentives, and the elimination of unintended abuses. In fact, more than three-fourths of the increased revenues will come from increased compliance and base broadening measures.
I am particularly pleased the bill preserves the individual rate reductions enacted last year. These provisions are essential to ease the burden on individual taxpayers and to restore long-term health and vitality to our economy.
Although I do have some reservations about a few items, it is a good and balanced bill which I can endorse. I know you are aware of my views but I hope you will assure your colleagues of my support for the bill.
Note: This is the text of identical letters addressed to Senate Majority Leader Howard H. Baker, Jr., and Senator Robert Dole, chairman of the Senate Finance Committee.
Ronald Reagan, Letter to the Senate Majority Leader and the Chairman of the Senate Finance Committee on Proposed Tax Legislation Online by Gerhard Peters and John T. Woolley, The American Presidency Project https://www.presidency.ucsb.edu/node/245962