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Ronald Wilson Reagan is sworn in at capitol hill after trying to gain the presdency twice before. He beat Jimmy Carter by a landslide margin and sent Carter packing for Georgia.
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After dilivering an address to the AFL-CIO, President Reagan is shot out side the Washington Hilton by John Hinkley, Jr. Hinkley is a mentally troubled man trying to impress actress Jody Foster.
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The Reagan administration passed bills from 1981 to 1986 so that the top income tax rate was cut from 70% to 28%.
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Reagan is sworn in inside the capitol due to extremely cold temperature outside. Chief Justice of the Supreme Court Warren Burger swears in the president.
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For the first time in eight years, the leaders of the Soviet Union and the United States hold a summit conference. Meeting in Geneva, President Ronald Reagan and Soviet leader Mikhail Gorbachev met with and the summit ended in a stale mate
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The October 1986 summit between Reagan and Gorbachev, in Reykjavik, Iceland, also ended in a stalemate.
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The U.S. Congress passed the Tax Reform Act of 1986 to simplify the income tax code, broaden the tax base and eliminate many tax shelters and other preferences.
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At the third summit in Washington, DC, in December 1987, Gorbachev yielded to Reagan's terms. The USSR was in dire economic straits, and Gorbachev needed a respite from the arms race.
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Reagan and Gorbachev signed the INF Treaty in Washington, in 1987, the first treaty to reduce the number of nuclear weapons.
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Reagan leaves Washington, D. C. after one of the most successful presdencies in recent American history.
