While April 15 serves as a reminder, the people of the United States truly do not need to be reminded. They are victims of inflation, which pushes them into higher tax brackets. They are robbed daily of a better standard of living. They are discouraged from work and investment. There are a few other alternative tax proposals now before the Congress, but compared to our proposals, they will result in higher taxes for the American people.
Taxes are much tohigh to deal in half measures.
In 1965 less than 6 percent of all taxpayers faced marginal rates of 25 percent or more. Today, more than one of every three taxpayers is in at least the 25 - percent bracket. In addition, since 1965 the marginal tax rate for a median-income family of four has jumped from 17 percent to 24 percent in 1980. And under current law it would grow to a crushing 32 percent in 1984. We simply can't allow our already overburdened and demoralized taxpayers to suffer this unacceptable increase.