Reagan Changed America 25 Years Ago by Mallory Factor

Twenty-five years ago today was a critical turning point in our nation’s history. On that day, Ronald Reagan was inaugurated president of the United States. He inherited an economy that was in shambles. Inflation was running rampant, penalizing work, savings, and investment. The top marginal income tax rate stood at 70 percent, punishing our most productive Americans and discouraging them from working. Our confidence as a nation was fragile.