History of the United States II / Unit 16 USH2 2259 short lesson, about 20 seconds
The Tax Reform of 1986
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The idea
In nineteen eighty-six the administration pushed through a second tax bill cutting the top rate for the wealthiest Americans to twenty-eight percent while closing loopholes, Digital History records.
In practice
Loopholes closed as rates fell.
Where people slip
The Yawp notes that despite steep cuts for corporations and the wealthy, the public's overall tax burden stayed about the same, and regressive payroll taxes rose.
Your place on the trail
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