Reagan came into office with a national debt of around $900 billion, high unemployment rates, and a public distrust in government. The Act was designed to give tax breaks to all citizens in hopes of jumpstarting the economy and creating more wealth in the country. By the summer of 1982, the double-dip recession, the return of high interest rates, and the ballooning deficits had convinced Congress that the Act had failed to create the results for which the Reagan administration hoped. Largely at the initiative of Senate Finance Committee chairman Robert Dole, most of the personal tax cuts were reversed in September 1982 by the Tax Equity and Fiscal Responsibility Act of 1982 (TEFRA) but, most significantly, not the indexing of individual income tax rates. When Reagan left office, the national debt had tripled to around $2.6 trillion.