Dec 28, 2009

Six Degrees of Separation | Historical Context

The Reagan Years
Ronald Reagan was the President of the United States throughout most of the 1980s, from 1981 to 1989. Reagan was a conservative Republican. He believed in the theory of supply-side economics, which argued that lowering the top income tax rates would cause people to invest their savings, thus spurring economic growth overall. Under Reagan, Congress passed a plan to cut federal income taxes by 25 percent. Congress also supported Reagan in decreasing government involvement. His economic plan called for cutting back on government regulations in...