Tax and Reagan - 1575 Words

At the end of the Carter presidency, the nation’s idealistic dreams of the 60’s was worn down by inflation, foreign policy turmoil and rising crime rate, the nation was troubled by the late 70’s. Due to this many Americans were ready to embrace a new conservatism in social, economic and political life in the 80’s. In the 1980 bid for President, Reagan won the Republican nomination after two failed attempts in 1968 and 1976. Although Ronald Reagan once held Democratic views, he grew more conservative and he official took the side of the Republicans in the 1960’s. Reagans domestic views were the change Americans were looking for and Reagan, along with his running mate George H.W Bush, won the 1980 election. In his 1981 inauguration,†¦show more content†¦To try to obtain this goal, Stockman proposed cutbacks in Social Security and Medicare. These measures seemed too ambitious as Congress and the President rejected the notion, not wanting to cause hostile feelings among the middleclass who views their benefits as sacred. Reagan was a firm believer that the less involved the government was in the lives of individuals and affairs of businesses, the more prosperous we would become. He scaled back government spending on programs such as Aid to Families with Dependent Children and school lunch programs and pushed the responsibilities onto each state. Reagan called this the â€Å"new federation†, where others called it cold-hearted Hooverism. As some charged that the economic program attacked the lower class, Reagan recalled his own impoverished child hood and still stood firm that the less fortunate were not going to thrive by taking handouts, rather help themselves by creating a thriving private sector where employment is available. The budget cuts affected the fastest growing programs in the 1960’s they included; food stamps, comprehensive employment and training act, federal guaranteed loan program s for higher education, these programs saw the highest cuts. Although all categories except for the defense budget, were affected by budget cuts, the two highest were income security and education, training, employment and social service. With some 21 million people receiving food stamps, Congress wasShow MoreRelatedThe Reagan Tax Cuts and Foreign Policy1442 Words   |  6 PagesThe Reagan Tax Cuts and Foreign Policy During the 1980s President Ronald Reagans (our 40th president from 1981 to 1989) domestic policy of a substantial tax cut led to greatly increased economic prosperity for our country. During Reagans administration marked changes were made to the tax code and economic statistics showed a major change for the better. However, at the same time, the Democrats controlled the Congress and continued increased spending against Reagans wishes. The Joint EconomicRead MoreEssay about The Reagan Tax Cuts And Foreign Policy1376 Words   |  6 Pages The Reagan Tax Cuts and Foreign Policy nbsp;nbsp;nbsp;nbsp;nbsp;During the 1980s President Ronald Reagans (our 40th president from 1981 to 1989) domestic policy of a substantial tax cut led to greatly increased economic prosperity for our country. During Reagans administration marked changes were made to the tax code and economic statistics showed a major change for the better. However, at the same time, the Democrats controlled the Congress and continued increased spending against ReagansRead MoreWhat Was The Reagan Revolution?1337 Words   |  6 PagesStudent number: 1530575 PP1070: Introduction to American Politics What was the ‘Reagan Revolution’ and in what ways did it â€Å"change the course which American politics had followed since the 1930s†? Presidents of the United States are expected to lead the country and find solutions to its problems, but the chances of being allowed to do marginal political steps are negligible and success is rarely accomplished. Ronald Reagan was the president successful in bringing fundamental change in American politicsRead MoreRonald Wilson Reagan Took Office On January 20Th, 1981.1667 Words   |  7 PagesRonald Wilson Reagan took office on January 20th, 1981. Reagan served from 1981 to 1989. He served two terms and was president from 1981- 1989. President Reagan defeated Jimmy Carter in the 1980 election and Walter Mondale in the 1984 election. He ran his first campaign mostly on President Carter s shortcomings and failures. His campaign slogan was, Are you better off than you were four years ago? His other slogan was, Lets make America great again. This clearly shows that his campaign strategyRead MoreRonald Reagan s Impact On The United States1498 Words   |  6 PagesThe Impact of Ronal d Reagan Serving as the 40th president, Ronald Reagan made a lasting impact on the United States of America. Reagan ran for president in 1968 and 1976 and did not win the elections, it was not until 1980 when he ran again for the third time and became the president. He entered his presidency with some background as he was the governor of California for 8 years. When he went in to presidency the economy was weak, inflation was high, and there were foreign difficulties. The ColdRead MoreThe Significance of Ronald Reagans Tax Reform Act of 1986979 Words   |  4 PagesThis investigation assesses the significance of Ronald Reagan’s Tax Reform Act of 1986 in the overall decrease of unemployment levels during the last year of his presidency, 1989. Reagan’s Tax Reform Act is analyzed in comparison to other economic and political events taking place during his presidency; the Act’s policies and implementations are investigated and evaluated for their effectiveness in economic r ecovery, the role of the Keynesian economic cycle during his presidency, and the policiesRead MoreRonald Reagan Is The Most Influential Man Of The United States1370 Words   |  6 Pagesit has been in since the Great Depression - inflation is at 13.5 percent, unemployment is at 9.5 percent and the federal discount rate is at 14 percent. But after 8 years, Ronald Reagan will turn the country inside out, and make the world a better place to live in. Considered the best president of his century, Ronald Reagan is the most influential man of the 1980’s because he abolished communism by ending the Cold War, developed an extremely effective and successful form of economics, called ReaganomicsRead MorePresident Jimmy Carter and Big Government Spending Essay1259 Words   |  6 Pages this all changes in January of 1981 when President Ronald Reagan was sworn into office and came to our country’s rescue. Reagan stepped in ready to mend the deep scars left behind by setting fort h an economic plan, Reaganomics, in hopes to bail out our sinking country. Though many may say Reagan’s conservative ways had this plan favoring the upper class, this was not the case. In 1981 President Carter handed his duty to Ronald Reagan in a vulnerable time for the country. America was in an economicRead MoreRonald Reagan1535 Words   |  7 PagesRonald Wilson Reagan, born February 6, 1911, served the United States as the 40th president from 1981 to 1989. Reagan was the first and only movie actor elected to office. During his two-terms in office, Reagan had many accomplishments; cutting taxes, strengthened and increased national defense spending, and through foreign policy pursued â€Å"peace through strength.† (Freidel Sidey, 2006). The primary strength Reagan possessed in office was his oratory skills, in which he was dubbed â€Å"The GreatRead MoreThe Great Communicator : Ronald Reagan1300 Words   |  6 Pagesit has been in since the Great Depression - inflation is at 13.5 percent, unemployment is at 9.5 percent and the federal discount rate is at 14 percent. But after 8 years, Ronald Reagan will turn the country inside out, and make the w orld a better place to live in. Considered the best president of his century, Ronald Reagan is the most influential man of the 1980’s because he abolished communism by ending the Cold War, developed an extremely effective and successful form of economics, called Reaganomics