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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.
President Reagan signed the Anti-Drug Abuse Act of 1986 which granted $1.7 billion to fight drugs, and ensured a mandatory minimum penalty for drug offenses. [84] The bill was criticized for promoting significant racial disparities in the prison population, however, because of the differences in sentencing for crack versus powder cocaine. [84]
Since the introduction of so-called Reaganomics in the 1980s, the share of the top 1 percent and top 10 percent in income and wealth has been increasing dramatically at the expense of everyone ...
Ronald Reagan's economic policies, dubbed "Reaganomics" by opponents, included large tax cuts and were characterized as trickle-down economics.In this picture, he is outlining his plan for the Economic Recovery Tax Act of 1981 from the Oval Office in a televised address, July 1981.
As previously reported by GOBankingRates, Bidenomics has generally outperformed Reaganomics in terms of GDP growth and unemployment (so far), while Reaganomics holds the edge in terms of inflation ...
Our failure to do this in many areas of government has led to unfunded liabilities—or checks we eventually can’t cash. This burdens not just present and future taxpayers, but beneficiaries ...
Additionally, as part of Reaganomics, deregulation was applied to the drug approval process of the FDA, which Huber and pharmaceutical historian Lucas Richert argued allowed AZT and other AIDS treatments to be approved faster and save lives, [121] [122] though Jennifer Brier has argued that while Reaganomics enabled the companies to bring AIDS ...
Bruce R. Bartlett, The New American Economy: The Failure of Reaganomics and a New Way Forward, Palgrave Macmillan (2009) ISBN 978-0-230-61587-8; Bruce R. Bartlett, The Benefit and the Burden: Tax Reform – Why We Need It and What It Will Take, Simon & Schuster (2012) ISBN 978-1-4516-4619-1