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Which president has raised taxes the most?
Ronald reagan
In addition to cutting taxes what steps did President Ronald Reagan take to boost the economy?
What three steps did president Reagan take improve the economy?
Many Americans were pleased with the final bill which controlled the deficit by raising taxes.?
FALSERaising taxes has never cause a reduction in the deficit or the debt. Lowering spending is the only possible solution and always has been.Raising taxes slows the economy and reduces overall income and thereby reduces the total tax collected.This has always been proven to be the case. No one has ever spent their way into wealth.
How did president Ronald Reagan's supply-side economics work?
Taxes are reduced, so people have increased income to spend.
What is deficit spending and why did it alarm many people?
Deficit spending is the spending of money that you don't have, therefor people are concerned because taxes will increase and we will have to borrow more money to pay of that certain bill we owe but, will still owe the same amount because we will have to return the money either way so its a lose lose.
How did Reagan suggest keeping the deficit down if taxes were cut?
The hope was that lower taxes would stimulate business expansion, resulting in more jobs and more income, thus increasing revenue even at the lower rate. He also hoped to cut expenditures .
How did Congress want to reduce the massive Federal deficit caused by the Reagan years?
He kept taxes low and increased govt. spending.
What were two of the principal reasons for the huge Federal deficit inherited by President Bush?
massive defense spending by Ronald Reagan a series of laws reducing the amount of taxes
Is it good for the US to have a deficit and why?
NO! a deficit means that the US's expenditures exceed their revenues (money earned from taxes). If the deficit cant be closed at the end of the fiscal year the deficit becomes a Debt.
Can you make a sentence with Budget deficit?
The government was under pressure to raise more taxes due to the budget deficit they had.
Who enacted 1987 taxes on unemployment?
President Reagan.
When is the government budget deficit is most likely to rise?
When there is a decrease in taxes
Which if the following is an example of exspansionary fiscal policy?
the government cuts taxes
What Ronald Reagan policies made US companies go elsewhere to conduct business?
Ronald Reagan's policies that made USA companies to go elsewhere to conduct business included fiscal integrity policy, sustained tax relief, and sound monetary policy. Another answer: Ronald Reagan raised taxes while also letting the deficit grow out of control. He spent profligately on the military while slashing domestic programs.
Colonial powers harmed their colonies by?
Keeping wages low and taxes to high
Did Ronald Reagan Pay State Income Taxes in 1970?
yes
Which president has raised taxes the most?
Ronald reagan
