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Reagan Economics
Ronald Reagan was a very conservative president who believed in individual freedom and tax cuts. These tax cuts lay at the center of his “Reaganomics” revolution. Reagan believed that high taxes threatened the individual freedom of American’s directly, and lessened economic growth. Another point that strongly agrees with Reagan’s economic views is that of wasteful government spending. One of the top things on his agenda was to lower spending on unnecessary items, and that’s why he thought it to be vital to cut taxes. More Taxes = More Money = Wasteful Spending. These are just some of Reagan’s economic standpoints.
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Reagan's views were very Republican. He never spent any money on welfare institutions, and created an economic system in which money barley trickles down to the lower levels of society. Picture: pintrest.com
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This picture was taken from a live television broadcast from the White House in which Reagan proposed his plan for reducing taxes. Picture: history.com
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