In the election of 1976, Reagan went up against Gerald Fold for the Republican Party position. Reagan was able to keep himself in the head of the media between 1976 and 1980 by writing in a newspaper column and giving daily radio addresses, while being able to remain publicly undeclared about his plans for his presidency in 1980 (History.com Staff, 2009). Reagan mainly focused on fixing the current efficiency of the economy during his presidency, in which he stated, In this present crisis, government is not the solution to our problems; government is the problem (History.com Staff, 2009).
President Reagan began to implement policies into government that reduced the federal government’s reach into the daily lives and pocketbooks of Americans this included tax cuts to stimulate growth, also known as Reaganomics (Reaganomics, n.d.). Reaganomics advocated for the increase in military spendings, reductions towards specific social programs, and measures taken to deregulate business. Reagan reduced domestic spending by cutting the top marginal tax rate on individual income from 70% to 28%, and the corporate tax rate went from 48% to 34% (Reaganomics, n.d.). His presidency also included eliminating price controls that were placed on oil and natural gases, telephone and cable services to reduce economic regulation (Reaganomics, n.d.). Also, Reagan supported a monetary policy that stabilized the U.S. dollar against foreign policies, in which tax revenues received increased from $909 billion in 1988 from $517 billion in 1980 (Reaganomics, n.d.). Plus, he was able to reduce inflation to 4%, and the unemployment rate to under 6% (Reaganomics, n.d.).
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Thus, Reagan worked a lot in the legislative branch of government,
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