Editing Openai/69585baf-7fb8-8012-907c-372b92368fe6 (section)

==== 📌 Who Made the Biggest Economic Impact via Tax Policy? ====

This depends on how you judge “impact”:

| President | Major Tax Action                                            | Economic Impact Lens                                |
| --------- | ----------------------------------------------------------- | --------------------------------------------------- |
| FDR       | Created modern progressive tax structure; wartime financing | Largest expansion in fiscal taxation history        |
| Reagan    | Deep cuts to marginal and corporate rates                   | Major shift toward supply-side tax policy           |
| Trump     | Sharp corporate tax cut (21% rate)                          | Most recent large statutory corporate tax reduction |
| Johnson   | Significant mid-century rate cut                            | Marked long-term gearing down from postwar highs    |

👉 Most economists view FDR and Reagan as the two presidents whose tax policies most reshaped the U.S. tax structure over the past century — FDR by building the high-rate, progressive system and Reagan by dramatically shrinking rates and simplifying the code. Wikipedia<ref>{{cite web|title=Wikipedia|url=https://en.wikipedia.org/wiki/History_of_taxation_in_the_United_States|publisher=en.wikipedia.org|access-date=2026-01-03}}</ref>