The Bentsen Tax Cut: Rediscovering Reaganomics

Publication Date: October 1991

Publisher: Heritage Foundation (Washington, D.C.)

Author(s): Daniel J. Mitchell

Research Area: Banking and finance

Keywords: Taxes

Type: Brief

Coverage: United States

Abstract:

Last year's budget deal, with its record tax increase, helped throw the American economy into its current painful recession. At last, a growing number of Washington lawmakers recognize that taxes are too high and that tax cuts thus are needed to fuel economic growth and undo in part the damage done by last year's budget.