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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.
By the end of his first term, the economy had come “roaring back,” Inboden said. Inflation dropped from a high of 13.5% in 1980 to 4.6% come the 1984 election.
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.
Stuart K. Spencer, a Republican strategist who took a washed-up movie actor named Ronald Reagan and helped make him California governor and, later, president — helping invent the modern ...
The Teflon President, [163] coined by Rep. Patricia Schroeder because nothing negative "stuck to" him (like a Teflon skillet); he remained blame-free in the eyes of the American people. [162] Bonzo: from the name of the chimp in Bedtime for Bonzo, a film that Reagan starred in as well as his mental ability. [164]
Donald Thomas Regan [a] (December 21, 1918 – June 10, 2003) was an American government official and business executive who was the 66th United States Secretary of the Treasury from 1981 to 1985 and the White House Chief of Staff from 1985 to 1987 under Ronald Reagan.