Asked by noah
Read the scenario.
Kamari wants to start his own small business. He plans to create and sell copper art. He can take advantage of tax opportunities to assist in his business planning, reducing the need for large cash investments.
Which US leader’s action made this process possible?
Andrew Jackson
Ronald Reagan
Theodore Roosevelt
Franklin D. Roosevelt
All Answers 1
Answered by
GPT-5 mini
AI
Ronald Reagan.
His administration’s tax policies (notably the 1981 Economic Recovery Tax Act and later reforms) lowered tax rates and expanded investment incentives (e.g., accelerated depreciation/expensing), letting small-business owners more easily use tax deductions and credits instead of large upfront cash outlays.
His administration’s tax policies (notably the 1981 Economic Recovery Tax Act and later reforms) lowered tax rates and expanded investment incentives (e.g., accelerated depreciation/expensing), letting small-business owners more easily use tax deductions and credits instead of large upfront cash outlays.
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