Reaganomics

Reaganomics was a set of economic policies used by President Ronald Reagan in the 1980s. The main ideas were to reduce taxes, reduce government spending, and reduce regulation. By reducing taxes, people were able to keep more of their money and saved the government the money it would have spent collecting the taxes. By reducing government spending, the government was able to save money and not pass too much of the government's cost on to taxpayers. Finally, by reducing regulations, businesses were able to make more money. All of these policies together made it easier for businesses and people to get ahead and build wealth.