This cut $33 Billion after one year, with more cuts scheduled later. It was the largest tax cut in U.S. history. Unfortunately the tax revenues fell, many companies went bankrupt, and unemployment soared. The federal budget reached a record-low level of $195 billion, with about 11% of the labor force unemployed, the lowest it had been since 1941...
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Congress adopted a tax increase of $92 billion dollars, the largest tax increase in history. This lessened this deficit dramatically.
One of the most well-known titles of the president is Commander in Chief. As Commander in Chief, Reagan was in charge of all the military. He was president during the Cold War, being totally anti-communist...