Ronald Reagan He also strongly advocated the Republican ideal of less government regulation of the economy, including that of undue federal taxation. Reagan did not seek re-election to a third term as governor in 1974; he was succeeded by the Secretary of State, Democrat Jerry Brown, who took office on January 6, 1975. In 1976, Reagan challenged incumbent President Gerald Ford in a bid to become the Republican Party's candidate for president. Reagan soon established himself as the conservative candidate with the support of like-minded organizations such as the American Conservative Union, which became key components of his political base, while Ford
Political positions of Ronald Reagan under his predecessor, President Jimmy Carter. This view stemmed from his less-government intervention views. He had pledged to abolish the department, but did not pursue that goal as President. As President, Reagan removed controls on oil prices, resulting in lower prices and an oil glut. He did not reduce U.S. dependency on oil by imposing an oil-importing fee because of his opposition to taxation. He trusted the free marketplace. Lower global oil prices had the effect of reducing the income that the Soviet Union could earn from its oil exports. Political positions of Ronald Reagan Ronald Reagan was the 40th