appreciating the Reagan tax cuts
Grand Old Partisan celebrates more than seventeen decades of Republican heroes and heroics. Today, I appreciate Republican success in promoting economic growth. Representative Jack Kemp and Senator William Roth wrote the Economic Recovery Tax Act, and President Ronald Reagan convinced Congress to pass it. Federal taxes were reduced by a total of 25% – 5% in 1981 and 10% in 1982. July 1st 1983, the third round of tax cuts went into effect. The economy boomed. The share paid by the top 10% of earners rose from 48% to 57% while taxes paid by the bottom 50% fell from 8% to 6%. Back to Basics for the Republican Party is my civil rights history of the GOP. To quote the book: "The more we Republicans know about the history of our party, the more Democrats will worry about the future of theirs. For more information, see www.grandoldpartisan.com . Here is a YouTube Video about this article. Here is a TikTok Video about this article. Here is an Insta...