The Economic Fallout of the Reagan Era A Troubled Legacy

Margaret Thatcher, Ronald Reagan and Donald Trump were all elected on promises of major tax cuts for top earners, arguing that freeing up money for the ... ... Ronald Reagan. Public approval of Carter declined as the U.S. was ... How much did the hostage crisis hurt Jimmy Carter? Though Carter ... Reagan expanded the Carter administration's efforts to decontrol and deregulate the economy. Congress deregulated the banking and natural gas industries and ... or were hurt by the policies. Page 227. Chapter 21 +. Long-Term Growth. When Ronald Reagan became president in 1981, the American economy was in the midst of a ... 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 ... In 1980, Ronald Reagan won the election and quickly began implementing a program to counter these problems and associated "stagflation" through tax reduction ... America was in trouble when Ronald Reagan was elected to office. He inherited an economy mired in stagflation, a combination of double-digit ... Income inequality increased. The rate of poverty at the end of Reagan's term was the same as in 1980. Cutbacks in income transfers during the Reagan years ... The result has been unprecedented government debt. Reagan has tripled the Gross Federal Debt, from $900 billion to $2.7 trillion. Ford and ... Here's how Reagan's tax cuts in the 1980s favored corporations and the wealthy, setting the stage for 'trickle-down economics' as we know it ...