Ronald Reagan Ronald Reagan is widely known, he had many accomplishments and dreams he pushed to achieve. He grew up in a small town but had big ambitions for his future life ahead. From the beginning at an early age Ronald was an over-achiever and worked to build his name. Mr. Ronald Reagan was born on February 6, 1911. Reagan was a second child of Nelle Wilson and John Reagan. His family finally settled in Dixon, Illinois after moving around a lot from his dad battling alcohol addiction and never being able to keep and maintain a job. Despite all these setbacks Ronald Reagan went to a nearby high school and eventually attended Eureka College, where he played football to help pay for his tuition, even though Ronald was a poor to …show more content…
In the election of President Ronald Reagan he pronounce a plan for a possible thirty percent tax cut in the first three years of him becoming president. Reagan’s special designed policy would attack the 1980 recession and stagflation. He had faith that with the free market and capitalism would solve controversy. His policies and the “greed is good” mood of America at the time coordinated and through that he expected a win. Reaganomics is established on the speculation of the supply side of economics. Source #2 It settled down to “income tax cuts would give workers more motivation to work and hold a job”, said by Mr. Ronald Reagan. Tax mitigation would be a push forward for people to spend and invest more in the economy. The now spending prosperity would upgrade the economy and create new and more jobs. Ronald’s reasoning for this proposition is that the tax cut would very possibly engender the most at the current time revenue for the federal government. Even though congress did not believe in this act as much as Reagan, they approved a twenty-five percent cut during Ronald’s first term. Surprisingly President Reagan pierced tax rates enough enough to stimulate consumer demand, anyone that made $18,550 paid no taxes at all. Reagan cut the corporate tax forty-six percent to forty percent. Reagan was not done yet, though, he even increased government spending by twenty-five …show more content…
Ronald Reagan said, “ So far dentetes been a one-way street that the soviet union has pursued at their own times….” Ronald Reagan was certain that the Soviet Union was not as powerful as they have said they were. The Soviet Union government could not successfully meet meet up to the America’s free-market system. So the ideas were steadily flowing and started taking place, he commenced a fast, large increase in the mass and grade of America's military technology and overbearing amount of weapons and taunted and the soviets to get them to match it. Reagan knew that they would run out of money in some type of form and fail trying to compete with America's Free Enterprise