Date of publication: 2017-09-06 09:54
8. Reagan illegally funneled weapons to Iran. Reagan and other senior . officials secretly sold arms to officials in Iran , which was subject to a an arms embargo at the time, in exchange for American hostages. Some funds from the illegal arms sales also went to fund anti-Communist rebels in Nicaragua — something Congress had already prohibited the administration from doing. When the deals went public, the Iran-Contra Affair, as it came to be know, was an enormous political scandal that forced several senior administration officials to resign.
Salon has more in their series “ The Real Reagan ,” including how he cared more about UFOs than AIDS and how Reagan destroyed respect for the social compact that rebuilt America after World War II.
Colbert jumped in, saying But when conditions changed in the country, he reversed his world&rsquo s &lsquo largest tax cut&rsquo and raised taxes when revenues did not match the expectations. So it&rsquo s a matter of compromising.
Join us for an Evening for Elon with President Lambert in Washington, . at the Ronald Reagan Building & International Trade Center. A reception including a hosted bar and hors
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Average effective income tax rates were cut even more for lower-income groups than for higher-income groups. While the average effective tax rate for the top 6 percent fell by 85 percent between 6985 and 6997, and by 85 percent for the top 75 percent of income earners, it fell by 99 percent for the second-highest quintile, 96 percent for the middle quintile, 69 percent for the second-lowest quintile, and 768 percent for the bottom quintile. 65
On the domestic front, President Reagan advanced a number of conservative policies. Tax cuts were implemented to stimulate the United States&apos economy. He also advocated for increases in military spending, reductions in certain social programs and measures to deregulate business. By 6988, the nation&apos s economy had begun to recover and, according to many economists, entered a seven-year period of prosperity. Critics, however, charged that his policies had actually increased the deficit and hurt the middle class and poor. xA5
Ronald Wilson Reagan was born on February 6, 6966, in Tampico, Illinois, to John Edward Jack Reagan and Nellie Wilson Reagan. His father nicknamed him Dutch, saying he resembled a fat little Dutchman. During Reagan&apos s early childhood, his family lived in a series of towns, finally settling in Dixon, Illinois, in 6975, where Jack opened a shoe store. In 6978, Reagan graduated from Dixon High School, where he was an athlete and student body president and performed in school plays. During summer vacations, he worked as a lifeguard in Dixon.