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maw [93]
3 years ago
8

What was one troublesome result of Reagan's tax cuts?

History
2 answers:
yanalaym [24]3 years ago
4 0
<span>Good Morning! Like J. F. Kennedy, Reagan's rate cutting policy was built to encourage consumption. Reagan and Kennedy succeeded, contrary to what progressive economists believed, to provide an economic recovery. Nevertheless, to cope with growth, it was necessary for the state to provide more money, which generated rapid national debt growth. Answer: d) National debt grew rapidly. Hugs!</span>
Fudgin [204]3 years ago
3 0
The criticism that the tax payments of the rich would fall under ERTA was based on a static conception of human behavior. As a 1982 JEC study pointed out,similar across-the-board tax cuts had been implemented in the 1920s as the Mellon tax cuts, and in the 1960s as the Kennedy tax cuts. In both cases the reduction of high marginal tax rates actually increased tax payments by "the rich," also increasing their share of total individual income taxes paid. Unfortunately, estimates of ERTA by the Democrat-controlled CBO continued to show falling tax payment by upper income taxpayers, even after actual IRS data had become available showing a surge of income tax payments by affluent taxpayers.
So I would say the answer is B
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Difference between the "old right" and the "new right" in the 80s?
lawyer [7]

The difference between the "old right" and the "new right" in the 80s was in their movement towards participation in governing coalitions.

<h3>What is the old right?</h3>

The Old Right is simply an informal designation for a branch of American conservatism most prominent from  1910 to the mid-1950s, though it never became an organized movement.

Most of the members were Republicans. The term "Old Right" distinguishes them from their New Right successors who came to prominence in the 1960s, 1970s and 1980s.

<h3>What is the new right?</h3>

The New Right refers to the movement of American conservatives in the 1970s and 1980s in opposition to liberal policies on taxes, abortion, affirmative action, and also foreign policy stances on the Soviet Union.

Thus, the difference between the "old right" and the "new right" in the 80s was in their movement towards participation in governing coalitions.

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brainly.com/question/23228677

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4 0
1 year ago
How did the passing of the 13th amendment change the lives of african americans in the south?
IceJOKER [234]

Answer:

On December 18, 1865, the Thirteenth Amendment was adopted as part of the United States Constitution. The amendment officially abolished slavery, and immediately freed more than 100,000 enslaved people, from Kentucky to Delaware.

Explanation:

hope it helps

7 0
3 years ago
Why might there be such a drastic difference in the per capita GDP of these selected countries of Southwest Asia (the Middle Eas
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Please mark me BRAINLIEST!

It would be B. That is because the US didn’t start developing nuclear weapons until after the beginning of WWll.

Hope this helps!
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