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Conservative Resurgence and the Reagan Era
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U.S. History
11.87 Conservative Resurgence and the Reagan Era
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Stimulus: After the large 1981 tax cut, Reagan accepted the 1982 Tax Equity and Fiscal Responsibility Act, which raised some revenue while he continued to defend tax-cutting principles. Which interpretation best explains this evidence?
A
Reagan abandoned all support for lower taxes immediately after taking office.
B
The federal government had no deficit concerns during the early 1980s.
C
The 1982 law was an arms-control treaty with the Soviet Union.
D
Governing required adjustments to fiscal pressures even as tax-cutting remained central to Reagan's ideology.
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