We Need to Restore Growth, and We Know How

In 1980, the US economy was in terrible shape. Inflation was soaring, growth was stalled, federal spending was rapidly rising, and taxes were at record highs. The Republican Party responded with a platform stating that “nothing is more important than economic growth.” GOP presidential candidate Ronald Reagan made this the centerpiece of his campaign for the White House, running on a plan to restore economic growth. The message resonated, propelling Reagan to a landslide victory in which he won 44 states and helped Republicans win control of the U.S. Senate for the first time in 28 years.