Reaganomics The Lasting Impact of Reagan's Economic Policies

Reagan's 1981 Program for Economic Recovery had four major policy objectives: (1) reduce the growth of government spending, (2) reduce the marginal tax ... Although he had long warned about the dangers of big government, he created a new cabinet-level agency, the Department of Veterans Affairs, and the number of ... Reagan engineered a significant increase in U.S. defense spending designed to modernize existing forces and achieve technological advances the Soviet Union ... Reagan's genius was to show us a way out of this dilemma: The real undeniable test of tax policy is not short-term shifts in revenue but long-term shifts in ... The long-term impact of Ronald Reagan's presidency is profound, as it solidified conservative ideology as a dominant force in American politics. His emphasis on ... Ronald Reagan (40) Event Timeline 01/20/1981-01/20/1989 ; 11/04/1980. Election Day. Reagan wins 91% of the Electoral College and 51% of the popular vote. ; 1981. ... term Presi- dent since Eisenhower, and the longest living President of the United States. During his 8 years in office, REAGAN was wounded by an assassin's. Ronald Reagan aimed to reduce government size and influence. He believed in cutting taxes, spending, and regulations to give more power to states. When President Reagan took office, he promised to rebuild the nation's defenses, restore economic growth, and trim the size of the federal government. Reaganomics refers to the economic policies of Ronald Reagan, the 40th US president, serving from 1981 to 1989.