1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
KonstantinChe [14]
3 years ago
5

LINK PAST AND PRESENT IN 2001, President George W. Bush signed the Economic Growth and Tax relief reconciliation act of 2001 (EG

TRRA). This bill called for large tax cuts just as the Economic Recovery Act of 1981 had and largely benefited the wealthiest Americans. President Bush's approach to economics was very similar to that of President Reagan's. Explain the assumptions behind the theory of supply-side economics, and describe the consequences of Reaganomics.
( No copy and past from another site)
History
1 answer:
BaLLatris [955]3 years ago
5 0
The bill by President George W. Bush EGTRRA called for large tax cuts similar to Economic Recovery Act of 1981 by President Reagan. 

The assumptions behind the theory used as a basis by President Reagan to lower the taxes of big companies was Laffer's theory. This states that when an industry is charged with more tax, it suppresses their capability to produce more products. Since more products mean more tax. If the tax collection is lowered, this will result in higher production and is good for the country's economy. Also, they thought that the previous tax collection is more than what the government needs. 
You might be interested in
HURRY!!! 30 POINTS
Natasha2012 [34]

C.  the U.S. invasion of Iraq and removal of Saddam Hussein

Proof Provided by Mimiwhatsup: On February 19 2003, it was confirmed that Saddam Hussein was working to obtain nuclear weapons. On December 13 2003, Operation Red Dawn took place and Saddam Hussein was found and captured by U.S. Forces in Ad-Dawr Iraq.

5 0
3 years ago
Where did the american traders get the furs they transported to china?
denis-greek [22]
We littttttttttttttttttttt
3 0
3 years ago
Who was eli whitney​
kotegsom [21]

Answer:

Eli Whitney,American inventor, mechanical engineer, and manufacturer, most remembered as the inventor of the cotton gin but should be remembered for the concept of mass production of parts that can be used interchangeably

3 0
3 years ago
How did the development of colonial governments lead to the American Revolution? People in the colonies wanted to get rid of gov
Triss [41]
"<span>People in the colonies no longer wanted to be ruled by the British Parliament" is the proper answer. A series of unpopular taxes issued on the colonies by the British led to anger from the colonists. </span>
8 0
3 years ago
Who is pictured below?
Vika [28.1K]

Answer:

Donato Bramante

Explanation:

The so-called Tempietto (Italian: 'small temple') is a small commemorative tomb (martyrium) built by Donato Bramante, possibly as early as 1502, in the courtyard of San Pietro in Montorio.

3 0
3 years ago
Read 2 more answers
Other questions:
  • What does the commerce clause authorize the federal government to do?
    15·1 answer
  • Germany lost an important World War II ally when
    13·2 answers
  • What does it mean to be a "Chicano or<br> Chicana"?
    9·1 answer
  • After World War II, the opinion of many people about the United States was than _____ it was 20 years later
    8·2 answers
  • Según Redman, ¿Cuál fue el primer gran cambio que se produjo en la forma
    8·1 answer
  • Please help with this.
    13·1 answer
  • 10. When did whale ancestors begin living full time in the water?
    13·2 answers
  • How did the Bessemer Process make steel more affordable?
    12·1 answer
  • Which of the following types of evidence would most strongly support the theory that
    10·1 answer
  • What role did the Etruscans play in Rome’s early development?
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!