President Reagan

When President Reagan began his presidency, he introduced legislation that reduced the income taxes on most Americans by twenty-five percent. The largest tax cuts were granted to the wealthiest Americans. There is still debate in politics on the effects of cutting taxes. If you were given the task of boosting today’s modern economy, do you think it would be beneficial to create large reductions in government spending, or large reductions in income taxation?

In your journal, take a moment to respond to the questions listed above in a four to five sentence paragraph. Make sure to fully explain your stance on the effects of tax cuts or the reduction of income taxes.

Once you have completed your journal entry, please save it with a file name of mod11_economy and submit it to the journal dropbox.