Reaganomics is the economic philosophy of Ronald Reagan that called for less federal government involvement in the economy and less regulation of businesses and corporations. This philosophy was also based around lowering the tax rate and the idea of supply side economics.
Supply side economics focused on the trickle down theory. This idea was that if corporations received tax breaks, they would use this money to hire/pay their workers. In turn, these workers would be able to spend money on goods within the economy. This would keep the economy going strong.
Congress supported these ideas by lowering the federal tax rate and putting less restrictions on businesses and corporations.
Constitution is saying our rights not giving us our rights
Promulgated in 1582 by Pope Gregory XIII.
