[Congressional Record Volume 145, Number 85 (Wednesday, June 16, 1999)]
[House]
[Page H4349]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




THE ECONOMY IS BOOMING BECAUSE PRESIDENT REAGAN CUT TAXES IN THE 1980'S

  (Mr. COOKSEY asked and was given permission to address the House for 
1 minute and to revise and extend his remarks.)
  Mr. COOKSEY. Mr. Speaker, who gets credit for the good economy we are 
now experiencing? Although many people believe that it should not 
matter who gets the credit, it is an important question because it is 
important to understand how we arrived where we are if we want to 
understand how to maintain and improve our current prosperity.
  America is, compared to other countries, a low tax, low regulation 
country. Although our tax burden is way too high, our regulatory empire 
is clearly excessive, still the United States is the best place to 
invest, the best place to start a business, the best place to find a 
job, the best place to come if one wants to get ahead and chase their 
dreams.
  The primary reason our economy is booming right now is because 
President Ronald Reagan cut taxes significantly in the 1980s, ushering 
in a period of strong economic growth that is still with us today.
  Our economy at the end of the 1970s was in the ditch and liberals 
howled and protested against President Reagan's economic program, but 
it worked. That is the lesson of the 1980s.

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