WASHINGTON -- President Reagan made the following statement following House passage of the tax cut bill:
From the bottom of my heart, I want to express my thanks to the Congress for responding this afternoon to the pleas of millions of taxpayers.
The victories we have just won do not belong to any one individual, one party or one administration.
It is a victory for all the people. A strong bipartisan coalition in the Congress -- Republicans and Democrats together -- has virtually assured the first real tax cut in early 20 years. It also has removed one of the most important remaining challenges to our agenda for prosperity.
I believe these first six months of 1981 will mark the beginning of a new renaissance in America. Now we can face the future with confidence and courage because we know we are united ... and we know we are a government of the people, by the people and for the people.
No one should doubt the difficulties we still face. But we have made a new beginning. We're back on the right road, and we'r making progress. And if we keep working together, we can reach that new era of economic prosperity we all want. As we do, we'll be showing the world that our democratic system of government works because you the people make it work.
Thank you very much.
