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In 1985 #OnThisDay, President #RonaldReagan's tax reform address highlighted America's competitive tax rates and economic vision for global investment. #TaxReform | The Ronald Reagan Presidential Foundation and Institute
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Republican leaders love talking about how Reagan enacted a major tax cut in 1981. But when Reagan slashed taxes for the rich in 1981, economic growth went down by 1.9% the following year and the unemployment rate increased. The 1981 tax cut was so "successful" that Reagan had to increase taxes at least 10 times after that. | U.S. Senator Bernie Sanders
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