How Reaganomics Exacerbated Income Inequality

The Lasting Impact of Supply-Side Economics ... The key to this awesome and unprecedented triumph was Reagan's dismantling of the confiscatory tax codes imposed ... The introduction of his divisive “Reaganomics,” which provided massive tax cuts to the wealthiest Americans, would stagnate wages, increase ... President, I thank you, and your country thanks you.” - President Ronald Reagan at the dedication ceremony for the Carter Presidential Center in ... Where those regulations were aimed at the greedy, they now penetrated to most Americans lives. Thus, Americans in some ways were displaced by 1980 from the ... Reagan's tax cut in the 1981 Economic Recovery Tax Act was the biggest tax cut in American history, lowering taxes by $33 billion. This severely reduced the ... Many things that Ronald Reagan did were very important for this country, but Reaganomics had some major problems. For one thing, it created a ... Reagan did nothing good that benefited everyday Americans but the top. ... This benefited the top 0.001% but in the sam time Ronald Reagan ... BARRETT, GAMBLING wrrH HISTORY: RONALD REAGAN IN THE WHITE HOUSE 67 (1983). ... revolutionary impact of the Reagan economic program, needs to be specified. When Ronald Reagan stepped into the Oval Office in 1981, the United States faced a challenging economic landscape. High inflation, escalating unemployment, ... He got his tax overhaul and the top marginal tax rate plunged to 50%. By the time he left office in 1988 it was down to 28%. It has not gotten ...