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.
President Reagan's economic policy.
by Drew Rawlings December 20, 2003
by human i think February 02, 2023
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 August 14, 2005
by Tookar April 18, 2005
by gdsfdsfndfgdsgdfgsds December 11, 2010
by Jmorg21 November 22, 2009