Question

8. What was one troublesome result of Reagan's tax cuts? A. The national debt grew rapidly. B. Citizens kept and spent more of their own money. C. The economy began to recover. D. Inflation got out of control in the mid-1980s.

Answer 1

One troublesome result of Reagan's tax cuts is that (D) inflation got out of control in the mid-1980s. The tax rates were indexed for inflation. But other supporters of Reagan's tax cuts said that it helped in increase of economic growth and as well the revenue of the government.