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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 ...
"Voodoo Economics", a term used by George H. W. Bush in reference to President Ronald Reagan's economic policies, which came to be known as "Reaganomics", during the 1980 Republican Party presidential primaries. Before President Bush became Reagan's vice president, he viewed his eventual running mate's economic policies with great skepticism.
Laffer was an economic adviser to former President Ronald Reagan, whose tax cuts and higher spending in the 1980s caused deficits to balloon – policies that Clinton had to reverse.
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.
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.
President Ronald Reagan was leaving the Washington Hilton hotel after giving a speech to a union group when John W. Hinckley Jr. opened fire from his .22-caliber revolver. At the sound of the ...
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]