Low taxes, free market, small government, cuts in social spending, return to traditional social values
For the most part, yes.
He expanded Nixons policy of 'New Federalism' by distributing tax revenues to states and handing them responsibility for many programs in health, education, and welfare (block grants).
To solve the economic problem of high inflation and high unemployment, Reagan proposed to lower taxes and increase private enterprise through supply side economics, which is a theory that states that economic growth depends on increasing the supply of goods and services through tax cuts.
Reagan pushed for deregulation, which is the removal of government regulations to promote free enterprise. These included getting rid of laws designed to curb pollution and ensure safety in the workplace.
He opposed social programs and ended many of Lyndon Johnson's anti poverty programs, including food stamps and aid to the elderly, poor, and disabled.
No comments:
Post a Comment