Previews Cutting taxes and the budget

December 1980
Time;Dec1980, Vol. 116 Issue 22, p18
The article provides information on the strategies adopted by U.S. President Ronald Reagan's administration to heal the ailing U.S. economy. The administration have decided to follow the Kemp-Roth tax cut timetable to trim personal income levies by 10 percent for three years. It also states that the amount of income subject to capital gains tax has been reduced to 30 percent from 40 percent.


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