Reaganomics The Economic Mirage that Fooled a Nation

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 ... Reagan's economic policies are called Reaganomics. these policies are based on the theory of supply-side economics which says tax cuts encourage economic ... Here's how Reagan's tax cuts in the 1980s favored corporations and the wealthy, setting the stage for 'trickle-down economics' as we know it ... Between the beginning and the end of the Reagan presidency, the annual deficit almost tripled. So did the gross national debt -- from $995 billion to $2.9 ... He claimed an undue tax burden, excessive government regulation, and massive social spending programs hampered growth. Reagan proposed a phased 30% tax cut for ... Income inequality increased. The rate of poverty at the end of Reagan's term was the same as in 1980. Cutbacks in income transfers during the Reagan years ... Ronald Reagan aimed to reduce government size and influence. He believed in cutting taxes, spending, and regulations to give more power to states. Reagonomics or trickle-down theory: Reagan's impact on the economy today ... The U.S. had been facing some economic difficulties when Reagan ... The federal debt was about half what it is today, measured as a share of the economy. The Reagan tax cut was huge. The top rate fell from 70 ... Reagan was the 40th US president. In 1981, the US faced stagflation and recession. To alter the course of the US economy, Reagan implemented a ...