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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.
Reduces their power--elites in Latin America control economic and political aspects of society. Reforms would provide more groups with rights, reducing the influence of the elite.
In any country, elites often control the means of production and the political system. Reforms, especially coming from lower classes or oppressed groups, would potentially reduce the power and influence the elite group has. This has been true through many revolutionary movements.
<span>One way that Rhode Island colony differed from the Massachusetts bay colony was that Rhode Island had religious tolerance. Although only puritans could worship publicly and have sermons and similar, they didn't bother other people of other faiths.</span>
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