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Incorrect. Reagan's 1986 tax reform actually eliminated the tax deductibility of credit card debt. While U.S. household debt did increase in the 1980s, it gre
by ckinnan 11y ago
Incorrect. Reagan's 1986 tax reform actually eliminated the tax deductibility of credit card debt. While U.S. household debt did increase in the 1980s, it grew much more rapidly during the 1990s and first half of 2000s.
- angelbob 11y agoNot sure which bit you're saying "incorrect" to. But okay. Are you arguing with "the era was famous for indebted Yuppies", then?