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alex41 [277]
2 years ago
14

What where the positives and negatives of reaganomics?

History
1 answer:
Dafna1 [17]2 years ago
4 0

Answer:

positive:Cutting federal income taxes, cutting the U.S. government spending budget, cutting useless programs, scaling down the government work force, maintaining low interest rates, and keeping a watchful inflation hedge on the monetary supply was Ronald Reagan's formula for a successful economic turnaround. negative:The Tax Reform Act of 1986 and its impact on the alternative minimum tax (AMT) reduced nominal rates on the wealthy and eliminated tax deductions, while raising tax rates on lower-income individuals. The across the board tax system reduced marginal rates and further reduced bracket creep from inflation.

Explanation:

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The state laws can not supercedes the federal laws as long as the state laws remain at state level.

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The supremacy of federal law is guided by Supremacy Clause that establishes that the federal law generally take a precedence over state laws and even state constitutions.

Hence, the state laws can not supercedes the federal laws as long as the state laws remain at state level.

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Which are ways American farming changed in the late 1800s?
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D, C, and A.

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During the late 1800s new ways of American farming improved thanks to the development in farm technology and machinery. The railroad system made possible the transportation and commercialization of goods from the country to the cities. There was a replacement of the horse power, which was used to plough the land by the steam tractor, in which it allowed farmers to introduce a great variety of crops and wheats.

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