Unveiling the Economic Catastrophe of the Reagan Era

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 ... Where those regulations were aimed at the greedy, they now penetrated to most Americans lives. Thus, Americans in some ways were displaced by 1980 from the ... But Reagan stuck to his guns, and the economy did fine. After shrinking 1.9 percent, after inflation, between 1981 and 1982, it grew by 4.5 percent in 1983 ... President Reagan had run a campaign that focused on his desire to tackle three challenges: the economic morass the nation was in, diplomatic ... When Reagan took office, the US economy was struggling under what was known as “stagflation” – high unemployment coupled with high levels of ... The introduction of his divisive “Reaganomics,” which provided massive tax cuts to the wealthiest Americans, would stagnate wages, increase ... Rather, he believed the ERA was the wrong way to guarantee gender equality and that it would actually hurt women. In his convention speech, he explained that ... the economy. “It's time to recognize that we've come to a turning point ... WHAT DID PRESIDENT REAGAN DO? Page 19. Advise the President 19. RONALD REAGAN. 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 ... He got his tax overhaul and the top marginal tax rate plunged to 50%. By the time he left office in 1988 it was down to 28%. It has not gotten ...