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The Reagan Tax Cuts And Foreign Policy
Part one of term paper
During the 1980's President Ronald Reagan's (our 40th president from
1981 to 1989) domestic policy of a substantial tax cut led to greatly increased
economic prosperity for our country. During Reagan's administration marked
changes were made to the tax code and economic statistics showed a major change
for the better. However, at the same t ...
Part two of term paper ... In the 60's Kennedy
introduced tax cuts. In both instances the decrease of high marginal tax rates
somehow increased tax payments by the rich. Perhaps a foreshadow of things to
come. Debates were raging over the Reagan tax cuts, known as the Economic
Recovery Tax Act of 1981 (or, ERTA). This act was designed to spur savings,
investment, work, and economic efficiency. This policy would impose a 25%
across-the-board cut in personal marginal tax rates. In the act of decreasing
marginal tax rates, a ...
Word count: 1354 | Approximate pages: 5
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