The Reagan Tax Cuts: Catalyst for Wealth Inequality and Middle-Class Decline

Decades of reduced taxes on the rich have reshaped America's economic landscape, eroding the middle class and amplifying political influence of the wealthy.

• Reagan's tax cuts reduced the top income tax rate from 74% to 27%, benefiting the wealthiest Americans.
• The middle class, once encompassing up to 60% of the population, has significantly shrunk since the 1980s.
• Lower taxes on the rich have led to increased wealth concentration and weakened democratic processes.
• Key public services and social programs have suffered due to reduced government revenue.
• Efforts to reinstate higher tax rates on the wealthy face strong opposition in Congress.

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