When Ronald Reagan was elected president, he promised Americans the following:
1. To decrease taxes: Reagan's economic policy involved implementing significant tax cuts, particularly through the Economic Recovery Tax Act of 1981. This was aimed at stimulating economic growth and reducing the tax burden on individuals and businesses.
2. To improve the economy: Reagan promised to implement policies to boost economic growth, reduce inflation, and create jobs. His administration focused on reducing government regulation and promoting free-market principles to strengthen the economy.
3. To restore faith in the nation: Reagan aimed to instill a sense of pride and confidence in the American people by emphasizing patriotism, optimism, and a belief in the country's ability to overcome challenges.
4. To make the US military stronger: Reagan advocated for a buildup of the U.S. military, including increasing defense spending, modernizing weapons systems, and asserting American strength on the global stage. This was part of his strategy to enhance national security and deter potential threats.
Reagan did not promise to increase taxes or expand the federal government. His presidency was characterized by a commitment to reducing taxes, limiting government intervention in the economy, and promoting individual freedom and initiative.
