19 Jan 1980 Jahr - Reaganomics

Beschreibung:

Reaganomics, a method of economic policy heavily tied to neo-conservatism was a system of economic policy intended to return to a more classically liberal economy. Reaganomics are specifically tied to the united states as Reagan implemented Reaganomics throughout his career as president of united states of america. Reaganomics focused on deregulation and lower tax rates, the top marginal tax rate in the united states dropped from 70% to 28%, and the business tax dropped to 34% from 48%. Reaganomics is a severe shift to the right, as the reduction in both taxes and spending is a clear sign of right wing economic theory.