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Unformatted text preview: President Regans conservative politics stimulated the economy of the United States, during and for many years after his presidency. There were three major points of his conservative policies. He wanted to cut taxes. He wanted to increase defense spending. He wanted to decrease spending in social programs. These conservative policies became known as Reaganomics. They brought stimulation to the economy. President Reagan made a powerful campaign promise that if he was elected he would cut taxes. His election gave him the power of a charismatic mandate. Many democrats voted more conservative, and became known as Reagan Democrats. They became an important part of his conservative policies that were approved. Reagan has a philosophy that if the federal government would decrease the taxes on the rich, it would create more jobs. The same philosophy assumed that increased federal taxes cause the rich to cut back on hiring or retaining extra employees. Not only did the rich enjoy the privilege of tax to cut back on hiring or retaining extra employees....
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This note was uploaded on 04/07/2011 for the course HIS 135 taught by Professor Runyon during the Spring '10 term at University of Phoenix.
- Spring '10