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.
Answer:
The conquistadors who swept through the New World were armed with steel swords forged in the Spanish city of Toledo. Settler communities in North America and the Cape of Good Hope were able to capitalize on European-invented steel rails, steel locomotives and steel ships to transform their model European economies.
Answer:
the sahara desert is the reason why North Africa developed differently from southern Africa
The continental congress was unicameral in nature to avoid disputes with in itself. As a bicameral congress can cause issues inside itself.
