The tax cuts of the 1980s
A) helped many poor families join the middle class.
B) favored the middle class more than the rich.
C) were accompanied by increased regulation of the insurance industry.
D) benefited the wealthy far more than middle- or lower-income Americans.

Question

Quizplus · Accepted Answer

The tax cuts of the 1980s, particularly those associated with Reaganomics, were criticized for benefiting the wealthy far more than middle- or lower-income Americans, as they significantly reduced tax rates for the highest income brackets.

The Tax Cuts of the 1980s