Ronald Reagan: Domestic Policies (1 gen 1981 anni – 1 gen 1989 anni)

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Reaganomics:

1. grow the economy by cutting taxes and deregulating some industries
2. corporations and wealthy individuals would reinvest the money they saved (Trickle-Down Economics)
3. paying lower taxes to build businesses, create jobs, boost profits, and spur economic growth
3. highly controversial to this day, but it definitely made US economic inequality worse as the rich got richer
4. tax rates declined in the 1980s and budget deficits soared

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