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Showdown at Gucci Gulch
As the economy system began to struggle and recent publications of how major money making corporations were escaping the tax system by the many ‘loopholes’, president Ronald Regan was facing the problem of America’s unfair system of taxation by pursuing a tax “relief” policy that called for a 1.6 percent rate hike for taxpayers among the lowest ten percent of wage earners and a six percent decrease for those one percent with the nation’s highest incomes. The tax system in America had become so filled with loopholes and so obviously biased against the lower and middle classes that true reform was reduced to mere campaign rhetoric. In Showdown at Gucci Gulch, the authors Jeffrey Birnbaum and Alan Murray describe in full detail how despite the Tax Relief Bill of 1981, an unlikely bunch of politicians were able to overcome differences and interest group pressures to pas the Tax Reform Act of 1986.
The efforts of Tax Reform took many years of struggles and changes to finally become law, the authors of Gucci Gulch found this triumph was possible due to the politicians being able to put aside party labels and shunning special interests in order to ultimately accomplish a meaningful goal for the American people. They also
Approximate Word count = 2033
Approximate Pages = 8 (250 words per page double spaced)
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