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How did Ronald Reagan's supply-side economics work?
Taxes are reduced, so people have increased income to spend.
How Ronald Reagan supply side economics work?
Taxes are reduced, so people have increased income to spend.
How did president Ronald Reagan's supplied economics work?
Taxes are reduced, so people have increased income to spend.
How did president Ronald Reagan's supply-side economics work?
Taxes are reduced, so people have increased income to spend.
Which president has raised taxes the most?
Ronald reagan
What changes did Ronald Reagan make when he made president?
As Governor of California, Ronald Reagan changed many things. For starters, his predecessor had left a mess of financial catastrophes, leaving he state spending $1,000,000 dollars more a day than it took in. This went on for almost a whole year, but was stopped by Reagan. In his first year, the state had turned that debt into a $1.3 billion dollar surplus, which he gave back to the people in the form of a 10% onetime cut on there income taxes.
What did Ronald Reagan do as chief legislator?
Ronald Reagan helped stimulate a 17 year period of growth in the US economy by sharply lowering taxes.
Whose controversial economic policy helped the US out of the recession by lowering taxes in the 1980S's?
Ronald Reagan
Whose controversial economic policy helped the US out of the recession by lowering taxes in the 1980s?
Ronald Reagan
Which of these statements abut state income taxes is false?
All states have state income taxes.
What is the difference between income taxes and state taxes?
Income taxes are taxes paid based on the amount of your wages and other forms of income, including but not limited to investment income, pensions, interest and dividend income, business income, rental income, etc. Income taxes are assessed by and paid to the federal government and, depending on where you live, also state and local governments. State taxes can come in many forms, including not only income taxes, but also property taxes, sales taxes, use taxes, excise taxes, business taxes, etc.
What was a part of Reagan's plan for pulling the US out of its economic slump?
Lowering income taxes.
