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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
It included sending workers to prison for going on strike.
Deregulate Industries. - APEX.
Reduced welfare payments
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Lower taxes for the wealthy
Lower taxes for the wealthy.
My answer was lower taxes for the
lower taxes for the wealthy (apex)
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How can you use reaganomics in a sentence?
Some have criticized elements of Reaganomics on the basis of equity.
What did reaganomics emphasize?
Reaganomics emphasized:reduce the federal income tax and capital gains tax
Was reaganomics successful?
YES!
What is wrong with our economy?
Reaganomics.
What did reaganomics lead to?
Reaganomics led to decreased inflation, decreased interest rates, and increased budget deficits.
The economic policy adopted by Reagan is known as?
The economic policy adopted by Reagan is known as Reaganomics.
How successful was Reaganomics?
Very successful.
Reagan's economic agenda is known as?
reaganomics
Was deregulation of select industries part of reaganomics?
no
Was increased military spending part of reaganomics?
no
Which of these was not an intention of the Reaganomics policies?
to increase regulation
Reagan's economic program was called by the media?
reaganomics
