In the early 1980's President Reagan and Congress made sweeping changes to the income tax system, lowering both individual and corporate income tax rates significantly. These changes were an example of

Question

Quizplus · Accepted Answer

The changes to the income tax system, including lowering individual and corporate income tax rates, are examples of fiscal policy, as they involve government decisions on taxation and spending. Tax policy is a subset of fiscal policy, so the correct answer includes both tax and fiscal policy.

In the Early 1980's President Reagan and Congress Made Sweeping