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These major policy changes, in turn, were expected to increase saving and investment, increase economic growth, balance the budget, restore healthy financial markets, and reduce inflation and interest rates.
One will sure ask that how much of the expected economic effects were realized? Actually, Reagan delivered on each of his four major objectives, though not to the extent that he or his supporters expected. First, tax reduced 3152 billion in 3 years from 1982 to 1984. The estimated after tax family revenue increased by USD600~900 in 7 years (1981~1988). Helped by big tax cuts, America boomed...
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