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President Ronald Reagan's policies, particularly his economic approach known as "Reaganomics," aimed to stimulate growth through tax cuts, deregulation, and reduced government spending. While proponents argued that these policies encouraged investment and job creation, critics contend that they disproportionately benefited the wealthy and led to increased income inequality. As a result, poverty levels saw a rise during his administration, with cuts to social programs exacerbating the struggles of low-income families. The combination of economic growth and rising poverty highlighted the complexities and challenges of his economic strategies.

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