Forty years ago, on Aug. 13, 1981, President Ronald Reagan signed the Economic Recovery Tax Act, ushering in the longest era of economic prosperity in American history. On a foggy day outside his beloved Rancho del Cielo, Reagan’s tax cuts delivered on his promises of prosperity, limited government, and a much-needed economic turnaround.
To borrow from his well-known phrase, “Are we better off today than we were 40 years ago?”
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