Difference between revisions of "Reaganomics"
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| − | "Reaganomics" is the term for 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 | + | "Reaganomics" is the term for 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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Revision as of 17:16, March 30, 2007
"Reaganomics" is the term for 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.