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Tax Revolt: Supply Side Santa Claus

Lever Time

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The Rise of Supply-Side Economics

This chapter examines the historical relevance of Proposition 13 and the emergence of supply-side economics in California, emphasizing Ronald Reagan's role in the 1981 Economic Recovery Tax Act. It explores the shifts in tax policy, the challenges within Congress, and the influence of key figures like Jack Kemp and Jude Wyniski in reshaping the economic landscape during a period of national crisis.

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