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Thatcherism is a form of British conservative ideology named after Conservative Party leader Margaret Thatcher that relates to not just her political platform and particular policies but also her personal character and style of management while in office.
William Jennings Bryan, who criticized trickle-down theory in his Cross of Gold speech in 1896. The Google Ngram Viewer shows that the term "trickle down economics" was rarely seen in published works until the 1980s; [13] however, the concept that economic prosperity in the upper classes flows down into the lower classes is at least 100 years old.
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.
During the Reagan Administration, federal receipts grew at an average rate of 8.2% (2.5% attributed to higher Social Security receipts), and federal outlays grew at an annual rate of 7.1%. [23] [24] Reagan's administration is the only one not to have raised the minimum wage by its conclusion. [25]
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 ...
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.
In the United Kingdom, the term New Right more specifically refers to a strand of Conservatism that Margaret Thatcher and Ronald Reagan influenced. Thatcher's style of New Right ideology, known as Thatcherism , was heavily influenced by the work of Friedrich Hayek (in particular the book The Road to Serfdom ).
A Republican-appointed federal judge who has served on the bench for 37 years slammed prominent politicians for their "preposterous" claims about how the courts have handled Jan. 6 cases and ...