The Reagan tax cuts of the 1980s
A)had not impact on the budget deficit.
B)decreased the budget deficit.
C)increased the budget deficit.
D)initially decreased the deficit but later increased it.

Question

Quizplus · Accepted Answer

The Reagan tax cuts of the 1980s decreased taxes, but did not correspondingly decrease government spending. This led to a significant increase in the budget deficit.

The Reagan Tax Cuts of the 1980s