Domestic policy of the Ronald Reagan administration information
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This article discusses the domestic policy of the Ronald Reagan administration from 1981 to 1989. Reagan's policies stressed conservative economic values, starting with his implementation of supply-side economic policies, dubbed as "Reaganomics" by both supporters and detracters. His policies also included the largest tax cut in American history as well as increased defense spending as part of his Soviet strategy. However, he significantly raised (non-income) taxes four times due to economic conditions and reforms, but the tax reforms instituted during presidency brought top marginal rates to their lowest levels since 1931, such that by 1988, the top US marginal tax rate was 28%.[1][2]
Notable events included his firing of nearly 12,000 striking air traffic control workers and appointing the first woman to the Supreme Court bench, Sandra Day O'Connor. He believed in federalism and free markets, passed policies to encourage development of private business, and routinely criticized and defunded the public sector. Despite his support for limited government, he greatly accelerated the nation's War on Drugs.[3]
^Gibbs, Nancy (June 14, 2004). "The All-American President: Ronald Wilson Reagan (1911-2004)". Time. Archived from the original on October 12, 2008. Retrieved November 23, 2012.
^"U.S. Federal Individual Income Tax Rates History, 1862-2013". The Tax Foundation. Archived from the original on November 25, 2016. Retrieved March 21, 2014.
^"The Reagan Presidency". Ronald Reagan Presidential Foundation. Archived from the original on May 17, 2008. Retrieved March 21, 2008.
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