The policy of Reaganomics was based on "supply side" economics (which is often criticized as the "trickle down" strategy) to build economic growth. President Ronald Reagan championed across-the-board tax reduction and cutbacks in spending for social programs such as job education and welfare. The intent of the tax cuts was to leave capital in the private sector where it could be re-invested, rather than being acquired and used by the federal government. The net increase in economic activity would eventually generate tax revenue to compensate for the cuts.
The reactions to this idea are almost always subjective. Many critics decry the reduction in taxes for the richest Americans, who showed significant gains in wealth and hence political power. Supporters of the concept say it is based on the principles of free enterprise, rather than inefficient government involvement through higher taxes, subsidies, and public spending. The support for Reaganomics was divided substantially along the lines of the two major political parties. And as with most governmental policies, it had mixed results for the US economy.
Deregulate industries(apex)
deregulate industry
Wiki User
∙ 2018-04-03 10:42:21riley jade
SaucyVegan
SaucyVegan
rigsterman 1
TX1 LAJOYA
The Lost Sinner
Sekani Smiley
Amaria Dameron
Closly
Reduce welfare payments (APEX)
paulbenn
It included sending workers to prison for going on strike.
Alexa Johnson
Deregulate Industries. - APEX.
Emiliano Torp
APEX User
lower taxes for the wealthy
APEX 2021
Jeffrey Boyle
Reduced welfare payments
(Just did this test )
Neoma Donnelly
Rafaela Morissette
Ariana Mendoza
Lower taxes for the wealthy
fairygirl419
Lower taxes for the wealthy.
Jose Fisher
My answer was lower taxes for the
Anonymous
lower taxes for the wealthy (apex)
Anonymous
Anonymous
Zykius Richey
Some have criticized elements of Reaganomics on the basis of equity.
Reaganomics
Reaganomics emphasized:reduce the federal income tax and capital gains tax
Reaganomics led to decreased inflation, decreased interest rates, and increased budget deficits.
Reaganomics.
YES!
The economic policy adopted by Reagan is known as Reaganomics.
Very successful.
no
reaganomics
no
to increase regulation