Comparative Study of Reagan and Bush's Tax Policies

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Many presidents have different ways to tax the people. Tax policies are the government's choice to enforce who and how much they have to pay for their taxes every year. The presidents can determine what percent they can pay by how much they make a year. George Bush and Ronald Reagan had tax policies that could have different and some may have been the same. Ronald Reagan's tax policies could have may have been unfair to a certain group of people depending on how he enforced taxes. Under the presidency of Ronald Reagan, the taxes dramatically decreased. Under Reagan, there was the biggest tax increase ever enacted during peacetime. Reagan and Congress wanted to reduce the tax system by eliminating many deductions, reducing the highest marginal …show more content…

Another difference is that Obama created laws to try to help America and Reagan the taxes increased while America was not at war but in peacetime. Reagan also had the treasury department produce its own plan for taxes and the Obama administration didn’t. Another difference was that Obama made the U.S go into debt by trillions of dollars. Both Presidents are similar in some ways because they both are trying to help the U.S tax policies become better. They both have plans that involve laws or programs that can help the tax rate be equal in their own way they think it is fair. They both have one way that helps the taxpayer like acts that they both have passed and some that they left enforced. They set budget limits in which how much they can spend a year for certain amount of years. They are both trying to help but in some ways, they make it unfair for all taxpayers in certain and different ways. These two presidents Obama and Reagan had tax policies that were not all that good but they did help for what they wanted them for. Tax policies should be there so they are able to help the taxpayer pay each year. Tax policies also have programs that the presidents create so the people have if they have trouble paying their

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