Question

Which of the following was a change in economic policy resulting from the election of Ronald Reagan?

A.
There were substantial cuts to the defense and military budget.

B.
There was an increase in the size of the government agencies.

C.
People making more than a certain amount received tax cuts.

D.
There was a substantial drop in homeless people in the United States.

Answer 1

Answer:

C.  People making more than a certain amount received tax cuts.

Explanation:

Ronald Reagan advocated for lesser government influence in the economy and investment in military to increase national securities. He used it as his main platform during his campaign and managed to obtain a lot of support from the voters.

He believed that giving tax cuts to workers is the best method for United States to stimulate its economy since they would most likely use the additional income for investments, consumption, or saving.

Before Reagan took the presidency, the top marginal Tax  rate were 70%. He lowered it to 50% for those who have a taxable income more than $108,300 (around 20% cut) . He reduced it again to 28% on his second term.

Answer 2

Answer:

The Answer is C The next question is B and the last one is C.

Explanation: I just took the quick check.

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