Rep. Black Says Budget Is 'Golden Key' to Tax Reform

The transcript discusses the importance of budget approval for tax reform, highlighting the need for adjustments to achieve success. It addresses concerns about deficit neutrality and emphasizes the goal of providing relief to lower and middle-income Americans. The discussion includes economic growth projections and references the 1986 tax reform under Reagan, noting conservative estimates for future growth.

What is the significance of the year 1986 in the context of tax reform as mentioned in the text?

What are the expectations regarding economic growth as a result of the proposed tax reform?