USH_CH_26_Reagan

USH_CH_26_Reagan - Chapter 26: The Conservative Revolution...

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Page 1 Chapter 26: The Conservative Revolution -Originally a Democrat. -Movie actor in Hollywood. -Joined Republican Party in 1950s. -Spoke out against Communism. California -Reagan elected governor in California in 1966. -Eight years as governor. -Increased taxes and reformed state spending. 1980 Election -Others wanted to restore Christian values to society. 1980 Election, continued -Ronald Reagan, Republican vs. -Jimmy Carter, Democrat. -Won in a landslide victory. Three Broad Policies -Slashing Taxes. -Bolstering defense. -Republicans will also gain control of the Senate. Changing the Economy governments. -Supply-Side Economics ---Cut taxes, put more money in hands of business & investors. ---Theory assumed that business would hire more people and produce more goods and services. ---Key, encourage business leaders to invest. Cutting Taxes -1986 Tax Reforms -Reduced the number of income tax brackets. -Wealthy Americans benefited the most. Cutting Regulations Reaganhs Political Career -Spokesman for GE, praising capitalism & attacking govht regulation. -Eliminated Californiahs budget deficit. -The hNew Right,h a powerful political coalition. -Key concern was size of govht & iths role in the economy. -Proposed cutting govht-funded social programs. -Used Carterhs record on economy against him. -Eliminating unnecessary govht programs. -Basically to reshape the federal govht & restore countryhs strength & prosperity. -Reagan wanted to put more money back into peoplehs pockets instead of the
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USH_CH_26_Reagan - Chapter 26: The Conservative Revolution...

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