a.Summarize the substance of the Economic Recovery Tax Act as explained by Reagan. Then, summarize The New York Time’s estimation of the reality of the Economic Recovery Tax Act’s impact.
b.Context: What problems with the American economy was Reagan trying to solve with the Act? How well did this reflect the economic reality of America in the 1980s?
c.The Issue Today Have the key points in the debate about the role of taxes in economic recovery changed since the 1980s? If so, how? If it hasn’t changed, why do you think that is? Be sure to use specific examples.
d.Resources:
1.Greenbert, S., J. Olson, & S. J. Entin. (2016). Modeling the economic Effects of Past Tax Bills. Retrieved from Tax Foundation: https://taxfoundation.org/modeling-economic-effects-past-tax-bills/
2.Sullivan, M. A. (2016). Economic Analysis: A GOP Tax Cut in 2017? Lessons from History. Retrieved from Tax Analysts: http://www.taxanalysts.org/content/economic-analysis-gop-tax-cut-2017-lessons-history
3.Fisher, T. (2017). How past income tax rate cuts on the wealthy affected the economy. Retrieved from Politico: https://www.politico.com/interactives/2017/gop-tax-rate-cut-wealthy/
4.Lewis, N. (2017, November 8.) Did Ronald Reagan’s 1981 tax cut supercharge the economy? Retrieved from The Washington Post: https://www.washingtonpost.com/news/fact-checker/wp/2017/11/08/did-ronald-reagans-1981-tax-cut-supercharge-the-economy/?utm_term=.ae4242632007

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