In August 1981, President Ronald Reagan signed the Economic Recovery Tax Act in his driveway at the Reagan Ranch. The legislation brought about the largest tax cuts in American history and resulted in an era of tremendous economic prosperity and growth. Newt remembers the 40th anniversary of the three-year tax cut with his personal perspective on this unique time in American history.
Economic Recovery Tax Act (1981)
Additional Reading:
The Second American Revolution: Reaganomics – Reagan Foundation
Ronald Reagan and Supply Side Economics – Bill of Rights Institute
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