Reagan Remembered

Reagan Remembered
Akeem Vance
University of Phoenix
June 28, 2012
American History 145
David Dinkins, Facilitator



Economic Policies, Supply facial expression Economics, and Cutting The size of the government
Reagan promised the Reagan Revolution, which was based on bring down government expenditure, valuees and regulation. His philosophy was that the government is our problem. To combat recession, Reagan aggressively tailor-make income taxes from 70% to 28% for the top income tax rate, and from 48% to 34% for the corporate tax rate. He promised to reduce government make passing and regulations, while reducing the m maveny supply to combat inflation. Reagans tax cuts worked because tax pass judgment were so high in the proto(prenominal) 80s that they were in the Prohibitive Range, according to the Laffer Curve. Laffer Curve was developed in 1979 by economist Arthur Laffer. According to Laffers theory, changes in tax pass judgment affect government revenues in two ways. One is fast; every dollar in tax cuts translates directly to one less dollar in government revenue. The other prepare is economic, this works in the opposite direction. Lower tax rates put more money into the hands of taxpayers, who then spend it. This creates more business activity to meet consumer demand.



In 1981, the professorship signed into law significant cuts in government outgo and tax rates. Reagans historic turnaround cut the projected spending of the federal government by 4.7 percent for the next monetary year. Taking inflation into account, the Reagan cuts amounted to 5 percent of the total court of government.
Assassination Attempt
John Warnock Hinckley Junior tried to assassinate U.S. professorship Ronald Reagan in Washington, D.C., on butt against 30, 1981 at the Hilton Hotel, in an lather to impress teen actress Jodie Foster who played a baby bird prostitute in the film Taxi Driver. On March 30, 1981, at approximately 2:25 pm local anesthetic time, Hinckley shot a .22 caliber Röhm RG-14 six-gun six times at Reagan as he leftover the Hilton Hotel...If you want to get a full essay, order it on our website: Orderessay



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