Ep. 97: The Last Time Congress Actually Agreed on Taxes

Welcome to Signed Into Law, the podcast that explores the landmark legislation that shaped America. In this episode, we dive into the Tax Reform Act of 1986—the last major bipartisan tax overhaul in U.S. history. Discover how President Reagan and a divided Congress came together to lower tax rates, broaden the tax base, and eliminate countless tax shelters in what many consider the gold standard of tax reform. We'll explore the political dealmaking, the economic philosophy behind it, and why such sweeping tax agreement seems impossible in today's political climate.Whether you're a policy wonk, history buff, or simply curious about how Washington once worked across the aisle, this episode reveals the fascinating story behind one of the most consequential pieces of tax legislation ever passed. Subscribe to Signed Into Law to never miss an episode as we continue exploring the laws that built America.This episode includes AI-generated content.