Analyzing the Economic Failures of Reagan's Presidency

When President Reagan took office in 1981 the top marginal personal income tax rate was 70 percent. We have retreated a bit from the low tax rates of ... Free trade measures during the mid-1990s also constituted a tax-cut stimulus effect. Importantly, the Republican Congress forced Clinton into ... When Reagan took office, the US economy was struggling under what was known as “stagflation” – high unemployment coupled with high levels of ... Ronald Reagan saw that reform might reduce government intervention in the economy and further lower tax rates. He convinced the Republicans to support ... Reagan's tax cut in the 1981 Economic Recovery Tax Act was the biggest tax cut in American history, lowering taxes by $33 billion. This severely reduced the ... The result has been unprecedented government debt. Reagan has tripled the Gross Federal Debt, from $900 billion to $2.7 trillion. Ford and ... Reagan's economic policies highlighted his long-standing dislike of high federal income taxes. Reagan embraced the theory of "supply side economics," feeling ... President Reagan instituted tax cuts, decreased social spending, increased military spending, and implemented market deregulation. Reaganomics was influenced by ... Almost every issue in America, from political to economic, from social to financial, can be traced back to Ronald Reagan. At what point did less taxation begin to hurt government revenues? Could one ... According to Lyn Nofziger, Reagan did not like Sears and said: “He never.