Comparative Study of Reagan and Bush's Tax Policies

Many presidents have different ways to tax the people. Tax policies are the government's choice to enforce who and how much they have to pay for their taxes every year. The presidents can determine what percent they can pay by how much they make a year. George Bush and Ronald Reagan had tax policies that could have different and some may have been the same.
Ronald Reagan's tax policies could have may have been unfair to a certain group of people depending on how he enforced taxes. Under the presidency of Ronald Reagan, the taxes dramatically decreased. Under Reagan, there was the biggest tax increase ever enacted during peacetime. Reagan and Congress wanted to reduce the tax system by eliminating many deductions, reducing the highest marginal

rates, and reducing the number of tax brackets. The effect of the tax changes over the course of Reagan's term in office was a change in the composition of federal receipts, towards more payroll taxes and new investment taxes, and away from higher earners.
President Barack Obama said he wasn’t going to raise the taxes but he did end up raising it. President Obama signed four key laws that significantly impacted the level of revenue and spendings like American Recovery and Reinvestment Act, Patient Protection and Affordable Care Act, Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act, and American Taxpayer Relief Act. Under Obama, the national debt increased dramatically by trillions. President Obama had significant leverage with the Republican Congress, as his veto of further extensions would have resulted in a sizable income tax increase across the income spectrum, a significant expansion of government, but contrary to his pledge.
The differences between the two presidents are that under Reagan the taxes decreased and under Obama, the taxes increased.

Another difference is that Obama created laws to try to help America and Reagan the taxes increased while America was not at war but in peacetime. Reagan also had the treasury department produce its own plan for taxes and the Obama administration didn’t. Another difference was that Obama made the U.S go into debt by trillions of dollars.
Both Presidents are similar in some ways because they both are trying to help the U.S tax policies become better. They both have plans that involve laws or programs that can help the tax rate be equal in their own way they think it is fair. They both have one way that helps the taxpayer like acts that they both have passed and some that they left enforced. They set budget limits in which how much they can spend a year for certain amount of years. They are both trying to help but in some ways, they make it unfair for all taxpayers in certain and different ways.
These two presidents Obama and Reagan had tax policies that were not all that good but they did help for what they wanted them for. Tax policies should be there so they are able to help the taxpayer pay each year. Tax policies also have programs that the presidents create so the people have if they have trouble paying their

taxes.