After the major income tax decrease for the high income earners in 1981,the federal deficit _______ by 1990.

Name: After the major income tax decrease for the high income earners in 1981,the federal deficit _______ by 1990.
Brand: Quizplus
Rating: 4.8 (45 reviews)

Question

Quizplus · Accepted Answer

The federal deficit significantly increased after the major income tax decrease for high income earners in 1981, and by 1990, it had essentially tripled. This was a result of reduced revenue from taxes coupled with continued or increased government spending.

After the Major Income Tax Decrease for the High Income