[Congressional Record Volume 142, Number 128 (Tuesday, September 17, 1996)]
[Senate]
[Page S10662]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                   EXPERIENCE IN INCREASING REVENUES

  Mr. INHOFE. Mr. President, we have had three experiences in this 
century of increasing revenues: One was in the 1920's, one in the 
1960's, and then in the 1980's. All three times it was a result, 
economists had to agree, of the fact that we reduced taxes and gave 
people more freedom. As a matter of fact, it was not a Republican but 
it was a Democrat, it was President Kennedy back in the 1960's, who 
observed that we have to increase revenues and the best way to do that 
is to reduce taxes. Of course, history showed that it did work. It 
worked again in the 1980's when we went from a total expenditure to run 
Government in 1980 of $517 billion to $1.03 trillion in 1990, a 10-year 
period in which we had the most dramatic decreases in taxes.
  So I would certainly agree with the man who I believe will be the 
next President of the United States that the best way to get this 
country back on the right track is to reduce regulation, reduce taxes, 
and give people more individual freedoms.
  I yield the floor.

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