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  2. Conservatism in the United States - Wikipedia

    en.wikipedia.org/wiki/Conservatism_in_the_United...

    To that end, Thatcher privatized industries and public housing, and Reagan cut the maximum capital gains tax from 28% to 20%, though in his second term he agreed to raise it back up to 28%. Reagan also cut individual income-tax rates, lowering the maximum rate from 70% to 28%.