Taxes: What Would Reagan Do?

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NEW YORK — Were he still alive, Ronald Reagan would be 101 this year. Bloomberg Businessweek asked four experts—Reagan’s budget director, James Miller; Reagan’s chief economic adviser, Murray Weidenbaum; and Reagan biographers Lou Cannon and Craig Shirley—what the Gipper would say about taxes if he were again a young man of 69, accepting the Republican nomination for president.

Would Reagan lead the crusade for low taxes and small government? Or would he be so alarmed by the flood of red ink that he would consider some tax increases as part of a deficit reduction package? After all, Reagan did sign several tax increases to shrink budget deficits while in office.

Read more at Bloomberg Businessweek.

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