Definitions for "Reaganomics"
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.