The Hidden Costs of Reagan's Tax Cuts

So, early in his administration, Reagan pushed through a package of massive tax cuts, and the economy got better. Unemployment dropped from 11 ... Reagan's economic policies highlighted his long-standing dislike of high federal income taxes. Reagan embraced the theory of "supply side economics," feeling ... The Lasting Impact of Supply-Side Economics ... The key to this awesome and unprecedented triumph was Reagan's dismantling of the confiscatory tax codes imposed ... 13, 1981, Ronald Reagan signed the Economy Recovery Tax Act of 1981 into law. A key feature of the law was a phased-in 23-percent cut in ... Reagan did nothing good that benefited everyday Americans but the top. ... This benefited the top 0.001% but in the sam time Ronald Reagan ... The Reagan Administration began the destruction of America which has continued right up until today. The administration of Donald Trump has ... Reaganomics did ignite one of the longest and strongest periods of economic growth in the US. The result of tax cuts depended on how fast the economy was ... America was in trouble when Ronald Reagan was elected to office. He inherited an economy mired in stagflation, a combination of double-digit ... Reagan endorsed the reduction in money growth initiated by the Federal Reserve in late 1979, a policy that led to both the severe 1982 recession and a large ... It lead to destroyed businesses, families and lives. Later in the 1980s the reaganoids endorsed the conversion and looting of pension funds.