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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.
In September 1988, he reported on his administration's success that "Test scores are up, reversing a calamitous drop in scores over the years between 1963 and 1980. Attendance is up, and the number of kids who drop out of high school is down", and stressed that the bounty of Western civilization was owed to American children.
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 ...
Trickle-down economics is a pejorative term for government economic policies deemed to disproportionately favor the upper tier of the economic spectrum (wealthy individuals and large corporations) under the belief that this will eventually benefit the economy as a whole.
[32] [33] Reagan pointed to improvements in certain key economic indicators as evidence of success. [8] The policies proposed that economic growth would occur when marginal tax rates were low enough to spur investment, [34] which would then lead to increased economic growth, higher employment, and wages. Reagan did not believe in raising income ...
Elon Musk and Vivek Ramaswamy—two billionaire entrepreneurs and new Trump administration advisors—are making bold promises. Namely: This week, the duo told Congress that through their advisory ...
As several fires spread across Southern California, President-elect Donald Trump urged California Gov. Gavin Newsom to send water down south from Northern California despite some local officials ...
The US Federal Tax Revenue as % of the GDP decreased from 18.5 to 17.4 from 1980 to 1990. [10] However, actual tax revenue increased from $517 billion up to $1.0 trillion as the GDP more than doubled, growing by 109% (from $2,857 trillion to $5,963 trillion) during this time period.