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Reagan described the new debt as the "greatest disappointment" of his presidency. [39] Reagan's economic tax plans had early been labeled "voodoo economics" and "trickle down economics", both terms of which have propelled far into the US political discourse since, and are still used today alongside Reagan's name.
When Ronald Reagan signed the Tax Reform Act of 1986, the AMT was expanded to target middle class deductions related to having children, owning a home, or living in high tax states. In 2006, the IRS's National Taxpayer Advocate's report highlighted the AMT as the single most serious problem with the tax code.
Ronald Reagan's tenure as the 40th president of the United States began with his first inauguration on January 20, 1981, and ended on January 20, 1989. Reagan, a Republican from California, took office following his landslide victory over Democrat incumbent president Jimmy Carter and independent congressman John B. Anderson in the 1980 presidential election.
Reagan was arguably ahead of the curve in his view of immigrants. As recently as the early 2000s there was substantial disagreement in the field of economics about the impact of immigration.
We scarcely dared believe that it would happen. But it did. Not long afterwards the stinger missiles began to arrive in UNITA controlled Free Angola. Soviet aircraft were shot down. The bombing and strafing of villagers, schools and churches came to an end. Without any doubt, Ronald Reagan's policies saved many tens of thousands of lives in ...
Reagan preparing for his farewell address to the nation from the Oval Office, 1989. Reagan's effectiveness as a public speaker earned him the moniker, "Great Communicator." ." Former Reagan speechwriter Ken Khachigian wrote, "What made him the Great Communicator was Ronald Reagan's determination and ability to educate his audience, to bring his ideas to life by using illustrations and word ...
Even white males were more likely to be poor following Reagan’s presidency. Today poverty is the fourth-leading cause of death in the U.S., even though this is the wealthiest nation in the world.
Running for president, Ronald Reagan repeatedly promised to “make America great again.” Thirty-six years later, Donald Trump grabbed the line and became the great plagiarizer. “Reagan was ...