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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.
Reagan's policies stressed conservative economic values, starting with his implementation of supply-side economic policies, dubbed as "Reaganomics" by both supporters and detracters. His policies also included the largest tax cut in American history as well as increased defense spending as part of his Soviet strategy .
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.
On this day in economic and business history... The modern labor community has its own method of dating history. There's "Before Reagan," which covers much of the history of labor rights in the ...
[2] During his speech, President Reagan outlined his plan for economic recovery, calling for large cuts to taxes and federal spending. [1] Some observers described it at the time as the most comprehensive economic proposal since President Franklin D. Roosevelt announced his New Deal program in March 1933. [3]
President Reagan signing the bill at Rancho del Cielo in 1981. The Economic Recovery Tax Act of 1981 (ERTA), or Kemp–Roth Tax Cut, was an Act that introduced a major tax cut, which was designed to encourage economic growth. The Act was enacted by the 97th Congress and signed into law by U.S. President Ronald Reagan.
Perhaps no day in Reagan’s presidency better embodied his policy transformations or the political ambitions of the Heritage Foundation than Aug. 13, 1981, when Reagan signed his first budget.
Reagan was arguably ahead of the curve in his view of immigrants. As recently as the early 2000s there was substantial disagreement in the field of economics about the impact of immigration.