From our History section: on this day in 1981 Ronald Reagan signed the “Economic Recovery Act,” signaling the beginning of “trickle-down” economics, the decimation of middle-class benefits and the staggering rise of income inequality in America…

From History:

https://www.history.com/this-day-in-history/reagan-signs-economic-recovery-tax-act-erta?

increased deficits, tax breaks for wealthy, rise of oligarchy, anti-union, Social Security, Medicare, Medicaid, reduced government services, infrastructure impacts, Kemp

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