On August 13, 1981, President Ronald Reagan signed the Economic Recovery Tax Act — a major turning point in modern American economic history.
The bill <a href="https://www.britannica.com/topic/Economic-Recovery-Tax-Act">cut</a> the rate of the highest tax bracket from 70% to 50% while reducing the lowest rate from 14% to 11%. In addition to hawkish monetary policy from the Federal Reserve that ended two decades of unpredictable inflation, Reagan’s tax cuts laid the foundation for a prolonged economic boom in the United States.

OPINION: Forty Years After Reagan Tax Cuts, We Need A Return To The Gipper’s Economic Mindset

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U.S. Expands Hormuz Blockade & VA Fairfax Deaths Investigated | 4.17.26

U.S. Expands Hormuz Blockade & VA Fairfax Deaths Investigated | 4.17.26 [Member Exclusive]

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Ep. 2737
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Evening Wire: Lebanon Ceasefire Begins & Murder-Suicide Rocks VA | 4.16.26

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OPINION: Forty Years After Reagan Tax Cuts, We Need A Return To The Gipper’s Economic Mindset