The long-term consequences of Reagan's tax policies included

Question

Quizplus · Accepted Answer

Reagan's tax policies, known as Reaganomics, included tax cuts and deregulation which led to a significant increase in federal deficit spending. This in turn led to higher interest rates as the government had to borrow more money to fund its spending. Additionally, the tax cuts led to cheaper imports which hurt American businesses. Therefore, all of the above options are correct.

The Long-Term Consequences of Reagan's Tax Policies Included