Video: 'President Reagans Remarks on Signing the Tax Reform Act of 1986 - 10/22/86'

(Wednesday, October 22, 1986, 11:00 a.m. EDT) — U.S. President Ronald Reagan, culminating a two-year odyssey that was fraught with perils at nearly every turn, signed into law today a sweeping tax overhaul measure that slashes rates to the lowest level since the Great Depression and curtails many widely used business and personal tax breaks.