Ronald Reagan A President Whose Legacy Continues to Define America

Ronald Reagan (40) Event Timeline 01/20/1981-01/20/1989 ; 11/04/1980. Election Day. Reagan wins 91% of the Electoral College and 51% of the popular vote. ; 1981. While much of their political partnership was based on smart gamesmanship, Reagan, the Republican, and O'Neill, the Democrat, could put aside ... The benefits to the average American will be striking. Inflation -- which is now at double digit rates -- will be cut in half by 1986. The American economy will ... Ronald Reagan aimed to reduce government size and influence. He believed in cutting taxes, spending, and regulations to give more power to states. In his reign, these tax cuts lowered the marginal tax rates from 78% to a mere 28%. For those unaware, a marginal tax rate is the additional ... Reagan calls for “New Federalism” in his State of the Union address, advocating less federal spending and more state initiative to solve social and economic ... When President Reagan took office, he promised to rebuild the nation's defenses, restore economic growth, and trim the size of the federal government. Reagan's economic legacy is mixed. On the one hand, tax reduction and a tightening of interest rates by the Federal Reserve led to a record period of peacetime ... His triumphant campaign that fall scarcely took note of his opponents and spoke instead of what he claimed was the remarkable revival of American fortunes and ... Although the crime rate has steadied and declined in certain areas, the level of 'street' crime is still extraordinarily high. With the fiscal crisis in the ...