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
Newt’s Latest Podcasts:
- Newt’s World Episode 798: China’s Cyber Espionage
- Newt’s World Episode 797: Remembering President Jimmy Carter
- Newt’s World Episode 796: Larry Kudlow on Trump’s “One Big, Beautiful Bill”
- Newt’s World Episode 795: ISIS in America
- Best of Newt’s World Episode 794: Ben Stein
