Question

What Reagan policies were considered business-friendly?

Answer 1

Answer:

He wanted to promote and pass laws that were small-business friendly.

Explanation:

• Reagan's economic point of view was very different from others and was based on four pillars.
• These pillars were based on the reduction of government  spending, reduction of federal income and capital tax, deregulation of government regarding economic issues and focus on the supply of money to control inflation problems.
• His policies were called Reaganomics.
• Most of his policies till today are debatable.
• He passed many laws. One of his most famous laws is Tax Reform Act of 1986.
• This Act not only decreased taxes but also trimmed down the tax breakage.