The effect of the Reagan Tax Policies as they impacted the nation's GDP (Gross Domestic Product) over 2 and 4 year period after passage.
Legislation Percent after 2 years Percent after 4 years
Economic Recovery Act of 1981 -1.91 -2.89
Tax Equity and Fiscal Responsiblity
Act of 1982 0.80 0.98
Highway Revenue Act of 1983 0.08 0.09
Social Security Amendments of 1983 0.20 0.21
Interest and Divident Tax
Compliance Act of 1983 -0.07 -0.05
Deficit Reduction Act of 1984 0.30 0.39
Omnibus Budget Reconciliation Act
of 1985 0.04 0.05
Tax Return Act of 1986 0.22 0.01
Omnibus Budget Reconsiliation
Act of 1987 0.24 0.28
TOTAL percent to GDP -0.10 -0.95
AT NO TIME, did Ronald Reagan ever have programs that improved the GDP of the USA. As a matter of fact the propaganda is so 'tweeked' regarding Reagonomics that it refuses to look factually at the truth.
Ronald Reagan continually toyed with the tax structure of the USA because the changes from the year before never solved the problems with deficits and national debt.
