A program of across the board tax cuts in order to produce growth in an economy. It worked very well in the 1980s. GNP and real incomes rose in the 1980s. It was theorized by economist, Arthur Laffer, that government revenue would grow if taxes were cut on the across the board including the wealthy. Revenue rose sharply in the 1980s. However, spending rose faster.
Often, misrepresented as stealing from the poor and giving the rich. If you cut taxes, it is only right to lower taxes on the wealthy who pay taxes.
Often, misrepresented as stealing from the poor and giving the rich. If you cut taxes, it is only right to lower taxes on the wealthy who pay taxes.
by Drew Rawlings December 19, 2003
Get the reaganomicsmug. by human i think February 1, 2023
Get the reaganomicsmug. 1. the label pinned on President Reagan's policies of tax cuts, reduced federal spending and regulation, and a tight-money policy.
2. Awesome. The bee's knees. the cat's pajamas. Fuckin' crazy.
2. Awesome. The bee's knees. the cat's pajamas. Fuckin' crazy.
1. "In this way, Reaganomics saved not just the US economy from worldwide depression"
2. "Dude! I just got the new Mr. Master's Marching Band LP for free!"
"Reaganomics!"
2. "Dude! I just got the new Mr. Master's Marching Band LP for free!"
"Reaganomics!"
by Tobii September 5, 2005
Get the reaganomicsmug. by Tookar April 18, 2005
Get the reaganomicsmug. by gdsfdsfndfgdsgdfgsds December 13, 2010
Get the Reaganomicsmug. by Jmorg21 November 22, 2009
Get the Reaganomicsmug.