That business was dealt a heavy blow in the 1986 tax overhaul.
For evidence, look no further than the corporate tax overhaul last year.
But experts say the spirit of the 1986 tax overhaul is intact.
Two ideas he'd been pushing for years helped shape the massive tax overhaul of 1986.
But in the long run, they think the tax overhaul could spur sales of foreign imports.
The rush to beat the tax overhaul also contributed to the rise, analysts said.
In Congress, he has been heavily involved in trade issues, workers' rights and tax overhaul.
They have become liable for taxes in 1987 because of the tax overhaul enacted a year earlier.
He also helped push through the country's most significant tax overhaul.
The tax overhaul is expected to be a major issue as a general election next year approaches.