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Fiscal Policy: The Reagan Tax Cut

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Fiscal Policy: The Reagan Tax Cut
One of the most well respected Democratic presidents in history, John Kennedy, stated in a 1963 speech on fiscal responsibility: This Government considers our tax reduction and reform program"�to be the most important action that Congress can take now to improve our long-range position. Another Bush proposal to end the double taxation of dividends from corporations will encourage companies to issue dividends to their stockholders. There are many other statistics that emphasize the benefits of the Reagan tax cuts, but the few listed above show the advantages of what cutting taxes can do for the economy. Therefore, it is impossible to design a tax cut of any size that would appear to only benefit the poor. The idea of tax cuts stimulating the
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