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reagans economics cp wk 7due thursday

reagans economics cp wk 7due thursday - Running head...

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Running head: REAGAN'S ECONOMICS 1 Reagan's Economics Jamie Jordan HIS/135 March 17, 2011 Keri Cross
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REAGAN'S ECONOMICS 2 Reagan's Economics President Ronald Reagan and his economic approach on the country’s economics were much different than most of our President’s previous to him. During his time as President there were many legislation passed which included the Economic Recovery Tax Act in 1981, the Tax Equity and Fiscal Responsibility Act in 1982, and the Tax Reform Act in 1986.President Reagan’s program for economic recovery had four major policy objectives; One to reduce the growth of government spending, two was to reduce the marginal tax rates on income from both labor and capital, three to reduce regulation and four to reduce inflation by controlling the growth of money supply. The policies were suppose to increase saving and investment and increase the economic growth, balance the budget, restore financial markets and reduce inflation and interest rates. President Reagan intended to decrease taxes for the American people leaving
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