Search results
Results From The WOW.Com Content Network
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.
There were two major tax cuts: The Economic Recovery Tax Act of 1981 and the Tax Reform Act of 1986. The tax cuts popularized the now infamous phrase "trickle-down economics" as it was primarily used as a moniker by opponents of the bill in order to degrade supply-side economics, the driving principle used to promote the tax cuts.
Conservatives believed a large tax cut would "boost investment, raise employment, and jump-start the economy", [7] a theory sometimes described as supply-side economics or trickle-down economics. [5] Reducing taxes was one of Brownback's two major stated goals as governor (the other being to increase spending on education). [30]
Reagan pushed a “trickle down” economic agenda designed to benefit businesses through deregulation and tax cuts. The theory was that this would boost corporate profits — and those profits ...
For premium support please call: 800-290-4726 more ways to reach us
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.
Apple (NAS: AAPL) sold 35.1 million iPhone 4S in the second-quarter -- 35.1 million! That's an 88% increase over the previous year, and in just a matter of two months after releasing the 4S, Apple ...
Mr. David Stockman has said that supply-side economics was merely a cover for the trickle-down approach to economic policy—what an older and less elegant generation called the horse-and-sparrow theory: If you feed the horse enough oats, some will pass through to the road for the sparrows. — John Kenneth Galbraith [136]