Reagan's Economic Miscalculations A Path to Economic Ruin

13, 1981, Ronald Reagan signed the Economy Recovery Tax Act of 1981 into law. A key feature of the law was a phased-in 23-percent cut in ... The momentum generated in the late 1970s carried over into the Reagan Administration, thanks to a President who extolled the virtues of a free ... This was all based on the failed theory of “trickle-down” economics. The idea that with less paid in taxes, the extra money would be spent on ... President Ronald Reagan's economic plan, known as 'Reaganomics,' was an attempt to stimulate the inert American economy of the 1970s through supply-side ... Critics however call Reaganomics Voodoo economics because it was unclear if ... This all sounded great, but in reality did not truly work for a majority of ... 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 ... During the 1980s, President Ronald Reagan and his administration instituted several far-reaching economic policies that had both near- and long-term impacts ... ment intervention only hurts the economy. They are theoretical and not ... What did Ronald Reagan do to the tax rate between 1981 and 1989? 2. What ... 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 ... Forty-two years ago, Ronald Reagan launched America into a great social, economic, and political experiment.