Profits Taxes and the State Author:Richard Jankowski The 1981 Reagan tax cut was supposed to lead to increased profits, savings, and investment. Likewise, the 1986 Tax Reform Act cut the marginal tax rates to promote savings and investment. As another debate begins over cutting capital gains and other taxes to promote savings and investment, Jankowski examines the impact of these previous efforts ... more »and proposes new theories of the state and classes.« less