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  • Trump in 1991: 1986 'tax act was just an absolute catastrophe'

    Part of Donald Trump’s tax plan eliminates some popular exemptions and deductions in favor of lowering the top tax rate for the wealthiest Americans. However, when President Ronald Reagan did that 30 years ago in the Tax Act of 1986, Trump thought it was an awful idea and told Congress in 1991 that it should be reversed.

Trump in 1991: 1986 'tax act was just an absolute catastrophe'

Part of Donald Trump’s tax plan eliminates some popular exemptions and deductions in favor of lowering the top tax rate for the wealthiest Americans. However, when President Ronald Reagan did that 30 years ago in the Tax Act of 1986, Trump thought it was an awful idea and told Congress in 1991 that it should be reversed.
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