Bring Back Income Averaging

Takes the average income of a 5-year period for recent graduates who will get an income tax relief which they can use to pay down student debt, down payment for house, etc.

This was a Federal program before Reagan got rid of it in the 1980s.

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Because Reagan got rid of it, I can only assume it was for fake/stupid reasons, but can anyone share what WAS the reason?

PS: If you don’t get it, I think Reagan was an awful president who created a ton of massive problems killing us today. He created the ‘Boomercon’ trope and transitioned conservatives from worshiping God to worshipping money.

This is an article about it from the LA Times written in 1985.