REAGANOMICS

Reaganomics refers to the economic policies promoted by the U.S. President Ronald Reagan during the 1980s. The four pillars of Reagan's economic policy were to:

1. Reduce government spending,


2. Reduce income and capital gains marginal tax rates,

3. Reduce government regulation,

4. Control the money supply to reduce inflation.

In his stated intention to increase domestic spending while lowering taxes, Reagan's approach was a departure from his immediate predecessors. Reagan enacted lower marginal tax rates in conjunction with simplified income tax codes and continued deregulation.