Episode 291: Reagan Tax Cuts – 40th Anniversary
Newt's World
Gingrich 360
4.6 • 6.4K Ratings
🗓️ 13 August 2021
⏱️ 40 minutes
🧾️ Download transcript
Summary
In August 1981, President Ronald Reagan signed the Economic Recovery Tax Act in his driveway at the Reagan Ranch. The legislation brought about the largest tax cuts in American history and resulted in an era of tremendous economic prosperity and growth. Newt remembers the 40th anniversary of the three-year tax cut with his personal perspective on this unique time in American history.
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Transcript
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| 0:00.0 | Have you ever wondered what the media and Big Tech is hiding from you? |
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| 0:31.0 | Hi, this is Newt. |
| 0:32.0 | Did you know that you can listen to my Newt's World podcast on the iHeart app? |
| 0:36.0 | The team at iHeart has created several new features on the app I wanted to share with you. |
| 0:41.0 | You can now auto download new episodes of Newt's World to your device and also get notified when new episodes are published. |
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| 1:02.0 | For too long we've lived with a tax system that is a block of stain on the shining mantle of our democratic government. |
| 1:09.0 | We've quietly tolerated a tax code which we know is an outrage. |
| 1:13.0 | One riddle through with special privileges and inequities that violates our most fundamental American values of justice and fair play. |
| 1:20.0 | Our tax system could only be described as un-American. |
| 1:24.0 | Well there are two things we can do about it. |
| 1:27.0 | We can either declare April 15th the day of national mourning or we can change the system. |
| 1:32.0 | The tax system must no longer be poverty's accomplice. |
| 1:35.0 | An American Opportunity Society begins with an expanding, healthy economy. |
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