Word: taxed
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...media and political establishment. In retrospect, the movement provided a necessary corrective for the slowly corroding industrial-age liberalism favored by the Democrats who controlled Congress. Reagan's followers were so eager for success that they were willing to tolerate some flagrant inconsistencies in his governance. His big 1981 tax cut was followed by two years of large, if undramatized, tax increases. He didn't shrink the size of the government (Bill Clinton was the only recent President to do that). Reagan was a champion of the religious right, but rarely attended church and never paid much more than...
...wasn't, of course. This was the actor's gift, to be both larger than life and disarming at the same time. He was, in fact, never so simple as he seemed. A fervent tax cutter, he raised taxes significantly four times as economic conditions and reform demanded. The man who said government was not the solution, it was the problem, actually presided over its continued expansion. Far from abolishing the departments of Energy and Education, he added a new Cabinet-level department, for Veterans Affairs. The archconservative who was skeptical of Social Security ultimately was credited with saving...
Reagan proved a surprisingly pragmatic and successful Governor. Though all his campaign rhetoric opposed tax increases, he soon found that he needed more revenue to do all he wanted to do, so he imposed the biggest tax hike in state history. Winning a second term by half a million votes, Reagan turned to simplifying and reducing welfare spending and got his way by shrewd bargaining with his Democratic opposition. But his successes came during the years when his party was falling into disgrace nationally because of President Nixon's Watergate scandal. When Reagan retired as Governor in 1975, according...
Reagan took the vote as a mandate for an "era of national renewal" that he proposed to achieve by some unfamiliar methods: tax cuts, budget cuts, less regulation, less welfare. But before he could even begin to achieve anything like that, he had to endure the shattering attack by John Hinckley, a reasonably prosperous and reasonably well-educated young man whose only motive for murder was his desire to impress a movie actress whom he had never met, Jodie Foster. It was Reagan's luck that five of the six bullets missed him, but one apparently ricocheted...
...better off than they had been four years earlier, he was aiming at a continuing phenomenon known as stagflation, an inflation that had climbed to 13.5% in Carter's last year while the economy remained stagnant. The new Congress gave the new President what he most wanted, a 25% tax cut over three years and a $35 billion cut in the budget. At a time when many economists were arguing that America would just have to learn to live with 10% inflation annually, Reagan reappointed inflation fighter Paul Volcker as chairman of the Federal Reserve and supported...