How Reagan Would Fix economy Many Republicans look at Reagan's policies in the early 1680s and assert that tax cuts pay for themselves. That's wrong __Reagan's rate cuts for the rich paid for themselves, but the tax cuts for the poor, the middle class and corporations did not. The deficit increased. But there is a limit to the deficit. At Some time the government debt grows so large that it starts to harm the economy through higher interest rates, bigger debt payments, a weaker currency, etc. a.. Explain why Reagan's tax rate cuts for high income taxpayers may have paid for themselves, but cuts for lower income and middle income taxpayers did not. b. Explain why extending unemployment insurance benefits has both a supply side and demand side effect on real GDP and the price level.
2. How Reagan Would Fix economy
Many Republicans look at Reagan's policies in the early 1680s and assert that tax cuts pay for themselves. That's wrong __Reagan's rate cuts for the rich paid for themselves, but the tax cuts for the poor, the middle class and corporations did not. The deficit increased. But there is a limit to the deficit. At Some time the government debt grows so large that it starts to harm the economy through higher interest rates, bigger debt payments, a weaker currency, etc.
a.. Explain why Reagan's tax rate cuts for high income taxpayers may have paid for themselves, but cuts for lower income and middle income taxpayers did not.
b. Explain why extending
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