After the major income tax decrease for the high income earners in 1981,the federal deficit _______ by 1990.

A) had not changed
B) tripled
C) cut by half
D) doubled

Income Tax Decrease

A reduction in the rate at which individuals or corporations are taxed on their income, potentially leading to increased disposable income and consumption.

Federal Deficit

The amount by which a government's expenditures exceed its tax revenues.

High Income Earners

Individuals or entities that receive income significantly above the average for their region or country, often subject to higher tax rates.