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
Ronald Reagan public. At the dedication ceremonies, five presidents were in attendance, as well as six first ladies, marking the first time that five presidents were gathered in the same location. Reagan continued publicly to speak in favor of a line-item veto; the Brady Bill; a constitutional amendment requiring a balanced budget; and the repeal of the 22nd Amendment, which prohibits anyone from serving more than two terms as president. In 1992 Reagan established the Ronald Reagan Freedom Award with the newly formed Ronald Reagan Presidential Foundation. His final public speech was on February 3, 1994, during a tribute to him in