Preview

How Has Ronald Reagan Helped The Us

Good Essays
Open Document
Open Document
542 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
How Has Ronald Reagan Helped The Us
From 1981 to 1989 Ronald Reagan was serving office he had to deal with a lot of problems such as welfare for unprivileged Americans, the war on drugs, and lower federal tax income and many more. Many Americans loved Ronald Reagan but some did not. Ronald
Reagan was one of America's best president, he lowered the federal tax income, changed how welfare works for unprivileged Americans, and changed the war on drugs. Ronald Reagan education, family history, and personal relationships greatly influenced his presidency.

One great thing Ronald Reagan did for the US was lower federal tax income, this was also call Reaganomics. Ronald Reagan lowered federal tax income by, increase in the government spending. In 1981 Ronald Reagan fired more than ten thousand air traffic
Controllers. Income taxes were cut by around 23% in two years. In 1982-1991 ETRA cost the federal government more than two trillion on lost revenue over the period (Fisher 1). Spending did not decrease alongside going from 1.1 trillion to 2.9 trillion (Fisher 1). In 1984 inflation was
…show more content…
“government is not the solution to our problem, government is the problem”

Another way Ronald Reagan helped the US was by changing how welfare works for unprivileged americans Reagan successful decreased the cost of living and social security Benefits. He made 30 million more jobs available. He sought the eliminate federal housing assistance for the poor. In 1970 there was 300,000 plus low-cost rental units (6.5 million) than low-income renter households (6.2 million). By 1985 the amount of low-cost units had decreased to 5.6 million, and the amount of low-income renter households increased to 8.9 million, a disparity of 3.3 million units. Another of Reagan’s enduring legacies is the steep increase in the number of homeless people, which by the late 1980s had swollen to 600,000

You May Also Find These Documents Helpful

  • Good Essays

    Reagan had much more success in implementing his taxation policy than he did reducing spending. As mentioned earlier, during Reagan’s presidency the top federal marginal tax rate was reduced from 70 % to 28 %. Furthermore, the corporate tax rate was reduced from 48 % to 34 %. Individual tax brackets were Individual tax brackets were also indexed for inflation. Reagan didn’t just cut taxes, however.…

    • 191 Words
    • 1 Page
    Good Essays
  • Good Essays

    During Reagan’s presidency from 1981-1989, he was able to accomplish many things such as boosting the economy, strengthening national defense, and reducing the power of the federal government. When the economy was in its worst recession since the Great Depression, Reagan decided to cut taxes and government spending on social programs; however the tax cuts mostly helped the rich and cutting welfare hurt the poor. On the other hand, his deregulation, domestic spending restraint, and tax cuts helped lead to an economic boom that lasted two decades. Reagan was still able to eliminate many deductions and exempt millions of people with low incomes. He was also able to slow the pace of inflation. The supply-side economics…

    • 305 Words
    • 2 Pages
    Good Essays
  • Satisfactory Essays

    When Ronal Reagan took office the economy was at a low with high interest rates and inflation at the highest since the 1940s. Reagan vowed to cut taxes, increase defense spending, and balance the budget. President Reagan’s economic policies would come be known as Reaganomics. He promised to protect programs such as Medicare and Social Security while cutting the outlays for social programs by targeting waste, fraud, and abuse (National Archives and Records Administration, n. d.). Reagan’s policies were based on supply-side economics where tax cuts for the wealthy and business would trickle down to the poor.…

    • 201 Words
    • 1 Page
    Satisfactory Essays
  • Good Essays

    When Ronald Reagan took over the leadership of the United States in 1981, he inherited an economy that was in terrible shape Reagan promised to restore prosperity by getting the government off the backs of the American people by cutting taxes and deregulating the economy. While Reagan was able to implement those policies only imperfectly, his broad vision proved quite fascinating . Reagan's faith in his free-market principles proved to work, helping to restore confidence in the future of the American economy even through a trying recession that lasted well into 1982. And after 1982, Reagan's faith was rewarded with a long and strong economic boom, driven by the greatest bull market seen on Wall Street since the 1920s. The Reagan Era, which…

    • 139 Words
    • 1 Page
    Good Essays
  • Good Essays

    He passed three key economic policies to the good of the country right away, which are known as the Reagan Revolution. He cut taxes 25% plus over a few years. This was to increase federal revenue by producing new investments. These revenues should have in turn end up being more jobs for the lower classes; thus, being known as the supply-side economics. Next, he made cuts in welfare, unemployment compensation, and food stamps.…

    • 561 Words
    • 3 Pages
    Good Essays
  • Good Essays

    According to Ronald Reagan Presidential Foundation and Library, “When Ronald Reagan took the oath of office as America’s 40th President on January 20, 1981, the country was experiencing some of bleakest economic times since the Depression. Taxes were high, unemployment was high, interest rates were high and the national spirit was low.” Reagan’s Economic Recovery Tax Act was the first major legislation passed in his first term as the President of the United States. It was passed in 1981 and is also known as ERTA. This law lowered income tax rates and allowed for the expensing of depreciable assets. The tax act also greatly helped small businesses and individuals. They benefited from special tax treatment, accelerated capital recovery, and being allowed to merge. ERTA is most known for its large reduction in personal income tax rates across the board (Schein, 2015). Reagan’s Economic Recovery Tax Act was supposed to create jobs by reducing tax rates, therefore restoring the incentive to create jobs for people. It was supposed to help improve the economy by reducing individual income tax rates, helping small businesses thrive and allowing them to save money, and creating jobs though those reduced tax rates.…

    • 605 Words
    • 3 Pages
    Good Essays
  • Better Essays

    Reagan was particularly beleaguered when unemployment rose to a staggering 9.5%. He dreaded that he would not be re-elected. Presidents Reagan’s goal was to execute economic policy dubbed ‘Reaganomics’. This policy aimed at stimulating America’s economy through tax credits, accelerated depreciation, and tax cuts. Reagan’s core catalyst to attain this goal was the enactment of the ERTA (Economic recovery Tax Act) in 1981. The ERTA brought in phased-in cuts in marginal duty levels that were extensive. ERTA, however, was a too far bridge and failed despondently creating huge budget deficits as well as weakening America’s economy. This resulted in an economic slump that lasted through the better part of 1982. Luckily, Reagan saw the fault, and with enactment of TEFRA (Tax Equity and Fiscal Responsibility Act) in late 1982. America’s economy embarked on a path to recovery. TEFRA acted as ERTA’s remedy. In fact, it came to be known as the most extensive peacetime tax rise to be ever enacted in the history of America. Ironically, Reagan, a Republican, had signed the bill. TEFRA began presumably the most considerable bull series in the economic history of America. This cycle lasted for close to half a decade. Reagan deserves much of the credit for endorsing TEFRA and particularly, for its great economic outcome. However, few people recognize that it was Peter Stark, a Democrat, who backed TEFRA. Worth noting is the fact that Reagan played a very instrumental role by joining forces with fellow Democrats. The TEFRA perhaps explains why Reagan was reelected for a second…

    • 1412 Words
    • 6 Pages
    Better Essays
  • Powerful Essays

    Ronald Reagan has been consistently viewed as one of the top five best Presidents in the history of the United States. Reagan’s time as the Commander in Chief yielded a plethora of prodigious results. Reagan played an enormous role in revitalizing the GOP after it had lost some credibility during the Watergate scandal. In addition, Reagan spurred an economic boom that lasted for two decades with his economic policy that was later termed Reaganomics. These policies involved heavy deregulation, domestic spending restraint, and significant tax reform which included both simplifying the tax code and cutting taxes.…

    • 1450 Words
    • 6 Pages
    Powerful Essays
  • Good Essays

    President Ronald Reagan was in office at this time and accomplished a lot during his time. He ended the Cold War by pushing for the Berlin war to come down and the border between east and west Berlin. He was also responsible for cutting taxes and making the economy boom once again. Reagan was said to have obtained peace and strength throughout his entire presidency.…

    • 614 Words
    • 3 Pages
    Good Essays
  • Good Essays

    “Government is not the solution to our problem, government IS the problem"-Ronald Reagan As president, it became imperative that Ronald Reagan provide solutions to problems that Americans faced by enacting laws and withholding previously enacted laws made during former presidencies. “Did he become the president that created problems for America?” emerges as the question when one examines his opinion on the government. To be more specific, when one observes his opinions and decisions on Labor Unions and Civil Rights issues, Ronald Reagan presented himself as a problem that opposed the solutions employed to resolve these issues. Labor unions existed as a major problem that he dealt with during his presidency. Reagan strongly opposed labor unions,…

    • 537 Words
    • 3 Pages
    Good Essays
  • Good Essays

    Reagan was one of the more prominent conservative presidents since he was one of the first representations of the ideals that come with conservatism. One of the main ideals that conservatives have is that they are opposed to high taxes and the transfer of money and wealth since they believe that it takes power away and lowers their standing in the world. During one of Ronald Reagan’s address to the public he explains his idea and purpose for his new bill, “our purpose was to provide incentive for the individual, incentives for business to encourage production and hiring of the unemployed, and to free up money for investment” (Doc 3). During his speech Reagan made a pledge to the people that he would reduce government spending, income taxes…

    • 143 Words
    • 1 Page
    Good Essays
  • Better Essays

    When he saw a surplus, he gave the money back to the people in the form of tax rebates, which he received resounding support for doing (Noonan, 94-99). In 1980, he won the presidency by a wide margin. There, he did what he said that he would do: cut taxes and grow the military (Noonan, 165-166). A deep recession followed, which tanked his approval rating near the end of his first term (Gallup). Yet Reagan still won the 1984 election in a near clean sweep. How could this be possible? Reagan made use of his charisma to sway the public’s opinion of him following the events that would have otherwise ruined the chances of an inexperienced or unprepared incumbent. Ronald Reagan is significant in American history because while he did achieve some laudable things in his term, his personality and political platform were able to mask the real long term implications of his various policies and bolster others; many Republicans look back on his presidency fondly as an ideal for future presidents despite his simplistic ideas and failure in some aspects of his…

    • 1229 Words
    • 5 Pages
    Better Essays
  • Better Essays

    Reagan Turning Points

    • 1314 Words
    • 6 Pages

    Before Reagan assumed office, Jimmy Carter was president. Carter inherited an economy that was making a slow return from recession.…

    • 1314 Words
    • 6 Pages
    Better Essays
  • Better Essays

    Ronald Reagan

    • 1836 Words
    • 5 Pages

    Ronald Reagan was a very influential president his policy, administration brought about the demise of the Soviet Union and communism; yet he was still the least talked about president in our history books. President Reagan had a much more different life style growing up than the presidents before him. Reagan became attached to politics while working in California as an actor in Hollywood. As he became more interested in politics, he became a conservative. In 1996, Reagan ran as republican candidate for governor of California, and won the election. With his first run in politics it gave him his ticket to become a major influence for the nation.…

    • 1836 Words
    • 5 Pages
    Better Essays
  • Better Essays

    1990 Recession

    • 873 Words
    • 3 Pages

    The primary cause was the decrease in consumption, which a result of an increase in oil prices following the Persian Gulf War and partly because of a slowdown in the rate of population growth. Other factors contributed to the drop in aggregate consumption demand. For example, fiscal tightening by President Ronald Reagan’s Economic Recovery Tax Act of 1981 (ERTA) did not result in the intended “Laffer Curve” supply-side effect to negate its impact on the national budget (Hall 19). Therefore, the government found itself running unprecedented deficits without a need for fiscal stimulus. However, the Tax Reform Act of 1986 was an attempt to address the problem, but a cutback in fiscal stimulus was undesirable as well (19). Either way, Regan’s efforts affected consumption negatively and consumers felt the difference.…

    • 873 Words
    • 3 Pages
    Better Essays