US Presidency
1984

And his Secretary of the Treasury said he's studying a sales tax or a value added tax. They're the same thing. They hit middle and moderate income Americans and leave wealthy Americans largely untouched. Up until about $ 70,000, as you go up the ladder, my proposals will be far more beneficial. As soon as we get the economy on a sound ground as well, I'd like to see the total repeal of indexing. I don't think we can do that for a few years. But at some point, we want to do that as well. Mr. Barnes. Mr. President, let me try this on you. Do you think middle income Americans are overtaxed or undertaxed? The President. You know, I wasn't going to say this at all, but I can't help it. There you go again. I don't have a plan to tax, or increase taxes. I am not going to increase taxes. I can understand why you are, Mr. Mondale, because as a Senator you voted 16 times to increase taxes.