What did Reaganomics a do?

Answer 1

Reagonomics was the economic policy that the Reagan administration supported. Reagonomics was known for supply side economics, or trickle-down economics, which lowered taxes and regulation to incentivize production in the hopes that it would lead to more products at lower cost.

Answer 2

Reganomics is a colloquial term used to describe the economic policies of Ronald Regan. Another term used to describe these policies was "trickle-down economics," where, in a gross simplification, the corporations and top earners were given tax breaks in an attempt to stimulate the economy by inspiring job creation and thus spread of prosperity.

Answer 3

Reaganomics was the term given to the economic policies under the administration of President Ronald Reagan, who served as the 40th President, from 1981 to 1989.

The plan was to reduce tax rates, and thereby stimulate the economy out of recession.

The main thrust was cutting marginal income tax rates (particularly capital gains) and using targeted tax credits & accelerated depreciation (for purchases of business equipment. autos, etc.) to stimulate economic development, job creation, and tax revenue.

During Reagan's 8 years in office, tax revenue to the government more than doubled even as marginal tax rates were lowered, and many individuals with low incomes had their Federal income taxes completely eliminated.

Answer 4

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