What where the positives and negatives of reaganomics?

History

1 answer:

Dafna1 [17]3 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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