Reaganonomics Exposed The Hidden Costs of Reckless Policy

... economy was simply booming.” “People without a high school diploma ... Reaganomics also hurt the middle class by crushing unions, he says. 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 ... One of the most significant occurred when he persuaded Ronald Reagan to make tax cuts the centerpiece of his economic plan for President in 1980. The success of ... Although his other policies hurt workers and increased inequality, Ronald Reagan was persuaded that an economy where the largest, most ... When Ronald Reagan stepped into the Oval Office in 1981, the United States faced a challenging economic landscape. High inflation, escalating unemployment, ... 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 ... 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 ... Reagan's economic policies are called Reaganomics. these policies are based on the theory of supply-side economics which says tax cuts encourage economic ... 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 ... Reagan's economic legacy is mixed. On the one hand, tax reduction and a tightening of interest rates by the Federal Reserve led to a record period of peacetime ...