Act Quote by George P. Shultz
“The 1986 tax act is sort of the unsung hero of the very good economic times we had for a long time. Of course, politics gums it all up again and preferences get put in.”
About This Quote
Source Speech or interview on economic policy, 1980s
The 1986 tax act boosted the economy, but political interference later undermined it.
In simple terms: Tax policy spurred growth, later damaged by politics.
Key Takeaway
Support sound fiscal policy, limit political distortion.
Themes
economics
tax policy
politics
Mood
analytical
reflective
Type
policy
historical
When to use this quote
- budget planning
- legislative reform
- economic forecasting
Key Concepts
public policy
macroeconomics
legislation
Questions to Reflect On
- What safeguards can protect beneficial policies?
- How can politics improve economic outcomes?
A Different Perspective
Political motives can derail effective policies.
![“If somebody had made that [deal] to me when I was a businessman, I would have said he proposed to give me the sleeves from his vest.” quote by George P. Shultz](https://sms4smile.com/quotes/img-quotes/b7c/george-p-shultz-18551_american-politics_if-somebody-had-made-that-deal-to-me-whe_1790160.jpg)
