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Economy

President Reagan Submits Fiscal Year 1982 Budget to Congress

On February 3, 1981, Reagan formally transmitted his first annual budget (FY 1982) to Congress, proposing major reductions in domestic discretionary programs and substantial increases in defense spending.

President Reagan Submits Fiscal Year 1982 Budget to Congress

The budget articulated the core of Reagan's economic program—spending cuts, defense buildup, and tax reduction—shaping legislative fights and defining administration priorities for his first term.

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