The final result of the Reagan Administration's revolutionary tax legislation was a twenty-five-percent reduction in Federal income taxes. "The more I examine supply side economics, the more I find I've always been on this side. But I thought it was just old fashioned conservatism," he commented. Regan resigned in 1984 to become President Reagan's Chief of Staff. About the ArtistHerbert E. Abrams (1921–2003) was born in Greenfield, Massachusetts in 1921 and studied art in New York at the Pratt Institute and the Art Students League. During World War II he served as a camouflage expert for the Army Air Force and designed the present Air Force aircraft insignia. As a portraitist, he was especially known for his depictions of prominent industrialists, famed military figures, and children. His portrait of Donald T. Regan was painted in 1986 in Regan's White House office after he had left the Treasury Department. The only request Regan made at the final sitting was that Abrams include presidential cufflinks, which Regan said were his trademark. He later presented Abrams with a pair of the same. Office of the Curator
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