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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 ...
During Reagan's first term, critics noted homelessness as a visible problem in U.S. urban centers. [69] [70] According to Don Mitchell, the increased cuts to spending on housing and social services under Reagan was a contributing factor to the homeless population nearly doubling in just three years, from 1984 to 1987.
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.
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The phrase Reagan tax cuts refers to changes to the United States federal tax code passed during the presidency of Ronald Reagan. There were two major tax cuts: The Economic Recovery Tax Act of 1981 and the Tax Reform Act of 1986 .
More recently, the presidential biopic "Reagan" became a sleeper hit last year, pulling in $30 million — nearly doubling the box office of "The Apprentice," a scathing drama about the rise of ...
Reagan also nominated a large number of judges to the United States district court and United States court of appeals benches; most of these nominations were not controversial, although a handful of candidates were singled out for criticism by civil rights advocates and other liberal critics, resulting in occasional confirmation fights. Both ...
Reagan's former budget director, championed Reagan's tax cuts at first, but only a few years later sided with liberal critics that "supply-side economics" is "trickle-down" [43] [44] Political opponents of the Reagan administration soon seized on this language to brand the administration as caring only about the wealthy.