Lawmakers watch closely as Pres. Ronald Reagan signs into law a landmark tax overhaul on the White House South Lawn, Oct. 22, 1986, Washington, D.C. From left, are: Senate Majority Leader Robert Dole of Kansas, Rep. Raymond McGrath, R-N.Y.; Rep. Dan Rostenkowski, D-Ill., Rep. Frank Guerini, D-N.J.; Sen. Russell Long, D-La.; Rep. William Coyne, D-Pa., and Rep. John Duncan, R-Tenn. (AP Photo/Bob Daugherty)

Photo by: Bob Daugherty

Lawmakers watch closely as Pres. Ronald Reagan signs into law a landmark tax overhaul on the White House South Lawn, Oct. 22, 1986, Washington, D.C. From left, are: Senate Majority Leader Robert Dole of Kansas, Rep. Raymond McGrath, R-N.Y.; Rep. Dan Rostenkowski, D-Ill., Rep. Frank Guerini, D-N.J.; Sen. Russell Long, D-La.; Rep. William Coyne, D-Pa., and Rep. John Duncan, R-Tenn. (AP Photo/Bob Daugherty)