stated that any nation that want to rebel against the USSR would obtain any military assistance from the America .
With regards to Military-Industrial Complex, the industry in totality cashed in, as President Reagan pursued very large peacetime military development in U.S. history . Similarly, specific companies were also known to be favored. For instance, Rockwell International was restored financial backing for the B-1 bomber, merging White House backing with a pork barrel push that placed subcontracts for work on the airplane in almost all Congressional districts. In addition, Reagan years, witnessed war weapons manufacturer’s over-reached leading to various high-profile scandals. Case in point was the “spare parts” scandal by his administration …show more content…
Reagan indicated that “the most important cause of our economic problems has been the government itself.” His regime then were of the opinion that the cure involved combined general tax cuts to raising market incentives then and cuts in all Federal spending (with the military being exempted) . In this regard the Budget and Reconciliation Act of 1981 started series of program tax cuts, as well as expanded ways testing of entitlements, similarly introducing across-the-board tax cuts which preferred income redistribution to the upper class. The key measure in Reagan, whose legacy continues to date in a system of competitive taxation weights between jurisdictions, become the Recovery Tax Act of 1981. It cut or lowered the personal income tax gap, mostly in the upper class brackets, and increased capital depreciation, fundamentally “shifting the burden away from capital income .” This witnessed the structural changes in Reagan’s first term: In addition, tax bracket indexation was witnessed as well as monopolistic industries being deregulation. Similarly, the Reagan’s regime witnessed equal employment initiatives reversal, cuts to food stamps, reduction of welfare benefits and other various welfare
With regards to Military-Industrial Complex, the industry in totality cashed in, as President Reagan pursued very large peacetime military development in U.S. history . Similarly, specific companies were also known to be favored. For instance, Rockwell International was restored financial backing for the B-1 bomber, merging White House backing with a pork barrel push that placed subcontracts for work on the airplane in almost all Congressional districts. In addition, Reagan years, witnessed war weapons manufacturer’s over-reached leading to various high-profile scandals. Case in point was the “spare parts” scandal by his administration …show more content…
Reagan indicated that “the most important cause of our economic problems has been the government itself.” His regime then were of the opinion that the cure involved combined general tax cuts to raising market incentives then and cuts in all Federal spending (with the military being exempted) . In this regard the Budget and Reconciliation Act of 1981 started series of program tax cuts, as well as expanded ways testing of entitlements, similarly introducing across-the-board tax cuts which preferred income redistribution to the upper class. The key measure in Reagan, whose legacy continues to date in a system of competitive taxation weights between jurisdictions, become the Recovery Tax Act of 1981. It cut or lowered the personal income tax gap, mostly in the upper class brackets, and increased capital depreciation, fundamentally “shifting the burden away from capital income .” This witnessed the structural changes in Reagan’s first term: In addition, tax bracket indexation was witnessed as well as monopolistic industries being deregulation. Similarly, the Reagan’s regime witnessed equal employment initiatives reversal, cuts to food stamps, reduction of welfare benefits and other various welfare