Statement by Deputy Press Secretary Larry M. Speakes on Federal Tax Reductions

May 28, 1981

The administration as of this hour has received only secondhand reports on the Democratic caucus this afternoon. Treasury Secretary Regan looks forward to a more complete, firsthand report from Chairman Rostenkowski in the near future.

In the meantime, President Reagan's position remains firm: Across-the-board, multiyear tax cuts are just as essential to economic recovery as across-the-board, multiyear budget cuts. The President remains hopeful that a bipartisan coalition can be built in Congress to give the American people the tax cuts that they so clearly need, want, and deserve.