Economic program utilized during the Reagan administration, which emphasized...
The economic policies associated with the presidency of Ronald Reagan (1981-1989), included reduced spending for social programs, supply-side tax cuts, deregulation and marketization of decision making, devolution of social policies back to the states, and the privatization of governmental services.
Economic strategy promoted by Ronald Reagan during his time in office based on the supposition that cutting taxes would make individual taxpayers more productive and more wealthy. Consequently, the taxes paid by wealthy individuals, although collected at a lower percentage, would be equal to or greater than before the tax cuts.
A popular term used to refer to the economic policies of Ronald Reagan, the 40th U.S. President (1981–1989), which called for widespread tax cuts, decreased social spending, increased military spending, and the deregulation of domestic markets.
"Reaganomics" was the label pinned on President Reagan's policies of tax cuts, reduced federal spending and regulation, and a tight-money policy.
Reaganomics (a portmanteau of "Reagan" and "economics," coined by radio broadcaster Paul Harvey) is a term that has been used to both describe and decry the free market advocacy economic policies of U.S. President Ronald Reagan, who served from 1981 to 1989. It is comparable to Thatcherism, the economic philosophy of British Prime Minister Margaret Thatcher (1979–1990), who was Reagan's contemporary.
