Скачать или смотреть Reaganomics Era

Under Reagan's presidency, a transformative shift in economic policy, dubbed Reaganomics, unfolded with the intent to revitalize the U.S. economy. In 1981, Reagan enacted major deregulation by lifting controls on domestic petroleum prices, subsequently easing tax burdens on oil companies and drastically cutting federal income taxes through the Economic Recovery Tax Act. This Act significantly lowered tax rates for individuals and businesses, aiming to stimulate economic growth. Reagan to partially roll back these cuts, addressing growing concerns over federal deficits. The administration pursued further tax reforms with the Tax Reform Act of 1986, simplifying the tax code, closing loopholes, and attempting to maintain revenue neutrality. Reagan's era experienced fluctuating federal revenues, increased military spending, and a substantial growth in national debt—shifting the U.S. to a net debtor position.


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