Quote – Editorial, The Wall Street Journal's arguing against Reagan’s TEFRA tax hike.

The true purpose of the tax bill is to finance a further expansion of government. For all of the yelling and kicking, Congress still has done nothing serious to curb government spending. Therefore we have a swelling deficit. And because of the deficit, we’re told, taxes must go up.

The Wall Street Journal's editorial page argued against Reagan’s TEFRA tax hike.

Wednesday, August 4, 1982