The Reagan Tax Cuts And Foreign Policy

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incentives, ERTA would increase the
flow of resources into production, thus lifting economic growth. This policy
received much criticism because its opponents argued that ERTA would be a
giveaway to the rich, because their tax payments would collapse. Reagan worked
hard and skillfully with the congress to obtain legislation to stimulate
economic growth and curb inflation, he embarked upon a course to cut taxes and
curb inflation. President Reagan was able to sign into law a tax cut in late
1981 even though congressional Democrats tried to block his cuts. All tax payers
received these cuts which helped to spur the economy. The cuts were taken over
three years with a 5% cut in 1981, a 10% cut for 1982, and in 1983 another 10%
cut. Reagan's call for extensive changes in the federal income tax laws helped
bring about passage of the Tax Reform Act of 1986. In 1986 Reagan introduced the
Tax Reform act of 1986. The tax reform act of 1986 chopped taxes, and indexed
taxes for inflation ...

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and obtain
legislation to strengthen our national defense. In 1983, Reagan sent U.S.
Marines to Lebanon as part of a peacekeeping force. The Marines were recalled in
1984, after some 240 had been killed in a terrorist attack. Reagan also sent U.S.
troops to Grenada in 1983, to prevent what the he saw as a Cuban attempt to take
over the Caribbean island nation. The President denounced the left-wing
Sandinista government of Nicaragua as a threat to peace in Central America, and
he repeatedly requested military aid for the anti-Sandinista guerrillas, known
as contras. In November of 1986 President Reagan confirmed reports that the
United States had secretly sold arms to Iran. He stated ...

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