While we are pointing out President Reagan’s mistakes, I’ll add the Earned Income Tax Credit. It may have started as a noble way to help honest, hard working people, it has become just another big government giveaway program.
I prepared taxes for four years and you’d be surprised how many of our fellow “citizens” knew exactly how much they needed to report to collect the maximum EITC. It’s on a bell curve.
Oh yeah, the were also the largest purchaser’s of the “instant money loans.”
The Title line stated BIGGEST mistake... there are always little mistakes.