Intermediate-Range Nuclear Forces Treaty Europe. This was dismissed by the US and countered with a phased reduction of INF launchers in Europe and Asia to none by 1989. There would be no constraints on British and French nuclear forces. A series of meetings in August and September 1986 culminated in the Reykjavík Summit between Reagan and Gorbachev on 11 October 1986. Both agreed in principle to remove INF systems from Europe and to equal global limits of 100 INF missile warheads. Gorbachev also proposed deeper and more fundamental changes in the strategic relationship. More detailed negotiations extended throughout 1987, aided by the decision of
Presidency of Ronald Reagan programs and priorities that had dominated the national agenda since the 1930s. Domestically, the Reagan administration enacted a major tax cut, sought to cut non-military spending, and eliminated federal regulations. The administration's economic policies, known as "Reaganomics", were inspired by supply-side economics. The combination of tax cuts and an increase in defense spending led to budget deficits, and the federal debt increased significantly during Reagan's tenure. Reagan signed the Tax Reform Act of 1986 (which simplified the tax code by reducing rates and removing several tax breaks) and the Immigration Reform and Control Act of 1986 (which enacted sweeping changes