... needs to take a "Free Market" approach to the federal budget. Daniel Mitchell, in the book Why America Needs a Tax Cut states, "The keys to economic growth, at least in terms of fiscal policy, are the size of government and the structure of the tax system" So aggregate government spending, whether it's from ... Reagan our nation was once again treated to tax reductions. The top tax rate was cut from 70% to 28% by 1988. Appendix C (Budget of the U.S. Government 1997) During the Reagan economic boom, economic growth averaged almost 4% a year over 7 years. Revenues, once again, to the gove...

• Word Count: 1246
• Approx Pages: 5
• Has Bibliography
• Grade Level: High School