Which of the following campaign promises did Reagan fail to keep?
A). increasing income taxes
B). reducing federal spending
C). building a strong military
D). reducing unemployment
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The four pillars of Reagan's economic policy were to reduce the growth of government spending, reduce the federal income tax and capital gains tax, reduce government regulation, and tighten the money supply in order to reduce inflation
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B). reducing federal spending
Explanation:
- The policies of Reagan emphasized the mainstream economic values that both proponents and critics point to as 'Reaganomics,' beginning with the introduction of supply side economic policy. He had proposed the greatest reduction in taxation in American history and boosted military spending as an agenda of his Soviet policy.
- Reagan had not been as successful in reducing govt spending as he has with tax cuts, despite campaigning for a reduced role of government. However, Reagan struggled to slash govt. spending and increased expenditures by 9 percent annually.
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