2h 15min, jul 29, 1981 y - Tax Cut Legislation proposed by Reagan
Description:
President Reagan proposes the largest tax cut in U.S. history. Passed by both houses of Congress.
Effect: Reduces taxes by 750 million dollars over the next five years. Starts off poorly, but unemployment rate and inflation rate eventually dropped which incresed stabilty for businesses.
Added to timeline:
The Good ol' Days 2018
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