Senate Republican Conference: Task Force on Economic Growth and Job Creation

Studies | Economy

No. 167
Tuesday, October 22, 1991
by John C. Goodman

There is a consensus among the economists testifying that the reasons for slower growth are the same reasons for the current recession: higher taxes on labor and capital and an increase in costly regulations over the past three years.  The current recession is a man-made even, not a natural one, and the price the American people have paid has been high.

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