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Reagan gives a televised address from the Oval Office, outlining his plan for tax reductions in July 1981.. Reaganomics (/ r eɪ ɡ ə ˈ n ɒ m ɪ k s / ⓘ; a portmanteau of Reagan and economics attributed to Paul Harvey), [1] or Reaganism, were the neoliberal [2] [3] [4] economic policies promoted by U.S. President Ronald Reagan during the 1980s.
Major examples of what critics have called "trickle-down economics" in the US include the Reagan tax cuts, [5] the Bush tax cuts, [6] and the Trump tax cuts. [7] Major UK examples include Margaret Thatcher 's economic policies in the 1980s and Liz Truss 's mini-budget tax cuts of 2022 , [ 8 ] which was an attempt to revive such Thatcherite ...
Ronald Wilson Reagan [a] (February 6, 1911 – June 5, 2004) was an American politician and actor who served as the 40th president of the United States from 1981 to 1989. He was a member of the Republican Party and became an important figure in the American conservative movement.
Reagan completed two full terms as president from 1981 to 1989, the first president to do so since Eisenhower. The former president died on June 5, 2004, at 93 years old after living with ...
President Reagan, shown in 1981, based many of his policies on ideas from the Heritage Foundation publication "The Mandate for Leadership." Project 2025 makes up a majority of the latest edition ...
That didn’t happen during the final two years of Reagan’s first term — in fact, it was quite the opposite. The U.S. economy grew by 4.6% in 1983 and another 7.2% in 1984.
Via a 1982 Executive Order, President Reagan established the President's Committee on the Arts and Humanities. In each year of his presidency (except for the fiscal years of 1982 and 1986), Congress staved off the Administration's efforts to cut federal expenditures for arts programs such as the National Endowment for the Arts. [71]
The earliest known use of the term for a U.S. government official was in the administration of Franklin Roosevelt (1933–1945), during which eleven unique positions (or twelve if one were to count "economic czar" and "economic czar of World War II" as distinct) were so described.