answersLogoWhite

0


Best Answer

Reagonomics was the economic policy that the Reagan administration supported. Reagonomics was known for supply side economics, or trickle-down economics, which lowered taxes and regulation to incentivize production in the hopes that it would lead to more products at lower cost.

User Avatar

Wiki User

9y ago
This answer is:
User Avatar
More answers
User Avatar

Wiki User

9y ago

Reganomics is a colloquial term used to describe the economic policies of Ronald Regan. Another term used to describe these policies was "trickle-down economics," where, in a gross simplification, the corporations and top earners were given tax breaks in an attempt to stimulate the economy by inspiring job creation and thus spread of prosperity.

This answer is:
User Avatar

User Avatar

Wiki User

8y ago

Reaganomics was the term given to the economic policies under the administration of President Ronald Reagan, who served as the 40th President, from 1981 to 1989.

The plan was to reduce tax rates, and thereby stimulate the economy out of recession.

The main thrust was cutting marginal income tax rates (particularly capital gains) and using targeted tax credits & accelerated depreciation (for purchases of business equipment. autos, etc.) to stimulate economic development, job creation, and tax revenue.

During Reagan's 8 years in office, tax revenue to the government more than doubled even as marginal tax rates were lowered, and many individuals with low incomes had their Federal income taxes completely eliminated.

This answer is:
User Avatar

User Avatar

Wiki User

12y ago
  • august 4 1981, that's what i think when
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: What did Reaganomics a do?
Write your answer...
Submit
Still have questions?
magnify glass
imp