Ronald Reagan was president, fanny packs were all the rage, and the Tax Reform Act of 1986 was making its way through Congress. In our second episode of TPC’s new podcast, Taxology, host Kathy Schalch leads a conversation with three veterans of the ’86, act: former Treasury aide Eugene Steuerle, former journalist Howard Gleckman, and former Ways & Means Committee staffer Janice Mays. Listen to the podcast below, or subscribe on iTunes, and find out what it took to achieve tax reform then, and what lessons policymakers can learn from the experience as they try again to rewrite the revenue code.

If you’d like to listen to our first episode of Taxology which breaks down the complexities of the border adjusted tax, click here, or find us on iTunes.

We hope that Taxology will become a regular TPC feature as we look for new ways to make the often-arcane details of tax policy understandable. You can comment here  with your thoughts about any of our episodes, as well as your ideas for future topics.