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
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Term1/9
What effect did ford's economic policy have the economy
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Definition1/9
President Ford's economic policy had a negative effect on the
economy. He first called for tax increases then for tax cuts which
sent the country into a recession.
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How did President Nixon believe these programs would change society
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By preventing companies from doing serious damage to the
environment
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How did the rise of the internet affect Bill Clinton's first term as president
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It contributed to Clinton's rising popularity by improving the
economy.
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What ideas is a major element of trickle down economics
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Cutting taxes on businesses will encourage them to hire more
workers
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Which of the following is a conservative value
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Expanding government protection for the unemployed.
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Cards in this guide (9)
How has immigration changed since the 1900s
it has stayed constant in recent decades but now makes up over
half of the population of the united states
Which countries are members of the NAFTA
the three countries that are a part of NAFTA or the North
American Free Trade Agreement are Canada, Mexico and the United
States.
Which term best describes early American foreign policy
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
What effect did ford's economic policy have the economy
President Ford's economic policy had a negative effect on the
economy. He first called for tax increases then for tax cuts which
sent the country into a recession.
How did President Nixon believe these programs would change society
By preventing companies from doing serious damage to the
environment
How did the rise of the internet affect Bill Clinton's first term as president
It contributed to Clinton's rising popularity by improving the
economy.
What ideas is a major element of trickle down economics
Cutting taxes on businesses will encourage them to hire more
workers
Which of the following is a conservative value
Expanding government protection for the unemployed.