Cole Madan /100 Mr. Lewis and Mr. Rochelson Humanities Project 26 April 2023. Why Ronald Reagan should be the fifth president on Mt. Rushmore Ronald Reagan should be added to Mount Rushmore because he was a courageous president who showed no fear against the Soviet Union, he stimulated the economy with deregulation and cutting income taxes, and he thought of new defense for the military while he promoted new technology such as missile defense systems. Reagan should be added to Mount Rushmore because he was a courageous president who showed no fear of the Soviet Union. On March 8, 1983, Reagan stated that the Soviet Union was "the focus of evil in the modern world," and that they were an “evil empire.” After he made these accusations, the …show more content…
The Reagan tax cut was huge, he made a huge tax cut for the highest personal income tax rate from 70% to 50% and the lower from 14% to 11%. He also decreased the highest capital gains tax rate from 28% to 20%. The Economic Recovery Tax Act of 1981, in the United States of America. Reagan cut taxes because it showed cutting excessive taxes, for example the current income tax, in the time it started major growth in the economy. It can increase the amount and share of tax payments paid by wealthy people. Reagan knew what he was doing, he had a plan. He took a risk, cutting the government's spending due to the tax cuts was a huge risk, but it worked, making the economy even better. This was a successful economic turnaround. This gave the government a more balanced budget for spending. Although many people doubted this economic move, Reagan knew best, and that the Economic Recovery Tax Act did nothing but buff the economy and government budgets. Many people say that “economic growth has begun to take off”. Reagan Foundation He showed that he could improve the country by doing this, he listened to himself and knew what was best for America and he followed through. He didn’t lie about what he was going to do for the country, like many other presidents