Difference between revisions of "Reaganomics"
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"Reaganomics" includes the idea of tax cuts proposed and enacted by President [[Ronald Reagan]]. It usually refers to the idea of "trickle down theory" in which lowering taxes on capital gains and those with higher incomes will stimulate the economy, thereby improving the economic situation of everyone. | "Reaganomics" includes the idea of tax cuts proposed and enacted by President [[Ronald Reagan]]. It usually refers to the idea of "trickle down theory" in which lowering taxes on capital gains and those with higher incomes will stimulate the economy, thereby improving the economic situation of everyone. | ||
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| + | Reagan's own vice-president, George H. W. Bush, referred to Reaganomics as "voodoo economics." | ||
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Revision as of 17:19, March 30, 2007
"Reaganomics" includes the idea of tax cuts proposed and enacted by President Ronald Reagan. It usually refers to the idea of "trickle down theory" in which lowering taxes on capital gains and those with higher incomes will stimulate the economy, thereby improving the economic situation of everyone.
Reagan's own vice-president, George H. W. Bush, referred to Reaganomics as "voodoo economics."