Ronald Reagan Accomplishments

Tax relief for the rich would allow them to spend and invest their money. This spending would fuel the economy and create new jobs. Reagan believed that these tax cuts would ultimately generate more revenue for the federal government. Congress was not as confident as Reagan, but they did approved a 25 percent

However even after Reagan left office in 1989, many other politicians after him picked up the Supply side ideal of lowering taxes and reducing the size of the federal government. An example of this is former US president Bill Clinton whom in one if his State of the Union addresses said, “The era of big governments is over” (WPA Film Library). The idea of reducing governmental size was one that was part of Reagan’s economic plan. Reaganomics was effective in diminishing the inflation rate, as the Federal Reserve Board kept up a tight cash supply. Due to the blend of tax reductions and expanded military spending, the Reagan years saw the formation of the biggest spending plan shortages ever.

Regan believed that taxes were one of the biggest reasons for the awful economy of the U.S. He believed that by cutting taxes, he would drastically improve the economy of the U.S.. As stated in the article “Political Career and Presidency of Ronald Reagan” Reagan signed," into law his sweeping tax cuts and budget cuts. "("Political " 2) on August 13th, 1981.

This tax relief helped upper-class Americans. Under the Reagan Administration, the tax rate was reduced further to 28% all the while investors were investing at the most $2000 yearly in IRAs (Individual Retirement Accounts) w/o paying taxes. Republicans and conservative Democrats (boll weevils) cut $40 billion from domestic aid programs (food stamps, student loans, mass transportation), but they increased heavily in the military. Despite the cuts to aid programs, he help strengthen Social Security by increasing the amount paid, raising the age for benefits to 67, and taxing some benefits given to upper-class. The Reagan administration reduced business regulations through banks, trusts, and environmental protection, which in turn helped to make the government have a smaller role in people’s lives.

The creation of this economic system also resulted in major draw-back of government assistance, and tax lessening's; it cut social welfare and federal government entitlement. Part of his plan, Reagan created one of the largest military spending programs known to history, earning nearly 1.5 trillion dollars mostly due to his being greatly anticommunist. A branch of this, the Strategic Defense Initiative, also received much support from this financial military aid plan. President Reagan also lived under the illusion that "supply side economics" could have a positive effect on the country; this theory stated that a reduction in taxes could improve many aspects of industry. However, by cutting taxes, this also cut many of the government funds; therefore, the government was forced to take out loans which led to our great nation being in very deep

In 1984, real economic growth boomed by six point eight percent, the highest in fifty years (Fact Real). President Reagan had earned a degree in Economics, which obviously was useful because he knew what needed to be done and how to do it. He came into office with a simple but exact plan that he frequently spoke of during his campaign; cut taxes, get control of government spending, and get the government out of the way so that the entrepreneurial spirit of the American people could be let loose (Reagan Foundation, par 2). However, on the issue whether the poor benefited more under him or Carter, and whether the rich paid a larger share of federal income taxes under him or Carter, and clearly it is in Reagan’s favor.

Ronald Reagan was one of the best presidents of the United States and was known for good reasons, this essay will tell you about him and his accomplishments. Ronald reagan was born on February, 6th, 1911 in Tampico Illinois. His parents John Edward Reagan and Nelle Wilson Reagan. When Ronald Reagan was in school he was an athlete and the student body president he graduated from dixon high school and as a summer job he got a job as a lifeguard and has said to have saved over 70 people from drowning. Ronald Reagan served as the governor of California for two years and was part of the republican party.

First, one must talk about the tax cuts and reforms that the two had favored during their time as president. Overall, for those who were/are in the 1%, it would seem as though that the two presidents were definitely playing in their favor. After all, both Reagan and Trump seem to put their faith and reliance on this recently created conservative economic theory. In summary, this new theory is a blend of many theories that are similar to its main ideas, such as the supply side and trickle-down theory. They both believed that the government should not regulate the economy, and the best way in doing so is to cut taxes on businesses and the rich, and cut government spending on federal programs in order for them to create more jobs.

To know why each president lead this country the way he did, we must know their background. Ronald Reagan, our 40th president of the United States, served his two terms first. His presidency ran from 1981 to 1989. He was 69 years old when elected president which, at the time, made him the oldest elected president. In his younger days, Reagan graduated high school and worked his way right through college at Eureka College.

Ronald Reagan is a man of many talents, whether its on the big screen in movies of in the white house running the country. Being a great young actor in hollywood wasn't enough for him. H decided to give it all up to go into politics and eventually become the 40th president of the United States during one of our countries darkest periods. These aspects of Reagan's life are probably the most important and distinguished accomplishments for him. Reagan was born on February 6, 1911 in Tampico, Illinois too Nelle and John Reagan.

His economic policies, alternatively known as “Reaganomics”, were designed to

He did this to reduce the money spent so that we would be able to benefit from it. Reagan did make a lot of changes that really helped the people better their money problems.

• Before Ronald Reagan started his presidency the US economy wasn’t performing very well, serious attempts by Congress were made to reduce the growth of federal spending and to move away from persisting the budget deficit. In 1980 a combination of near record inflation, high unemployment, lower productivity, and record high interest rates injured the economy. • Reagan reduced the individual income tax rate from 70% to 28% and corporate income tax rate from 48% to 34%. Individual tax brackets were filed for inflation while most of those in the low income households were relieved from the individual income tax. These actions were slightly counterbalanced by several tax increases and in Social Security tax rates.

Presidential Power Ronald Reagan served as America’s 40th president. Reagan managed to cut taxes, increase defense spending, negotiate a nuclear arms reduction agreement with the Soviets and is credited with helping to bring a quicker end to the Cold War. I think that president Reagan used his presidential powers properly in order to achieve what needed to be done. Ronald Reagan was president as the Cold War was raging worse than it had ever before. Reagan used his executive power, Commander in Chief, to put up resistance against Mikhail Gorbachev and push his defensive strategy.

Unemployment rates began to increase. Over time, Reagan had increased taxes 11 times, mainly on the middle class. When Reagan had left office, he had tripled the national debt of United States. This had affected the United States and led to several issues later on. This is the reason Reaganomics had both aided some and destroyed others.