Presidential Effect On Economy
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Ronald Reagan's Economy Type -Based on the theory of supply side economics -He wanted to make a lot of tax cuts: it happened and worked because during his time, there were a lot of high taxes -He has four pillars to his economic policy
1. To reduce the growth of government spending 2. Reduce the federal income tax and capital gains tax 3. Reduce government regulation 4. Tighten the money supply in order to reduce inflation
He was the 40th president and we still use some of his policies today
Similarities -They both have/wanted to increase the military defense budget -Both Republican -Expand free trade
Donald Trump's Economy Type -No immigrants allowed/ build wall -Americans get first choice(jobs) -He wants to get rid of everything that is not needed, eliminate a lot of plans/negotiations, stop trades and make life easier and cheaper for the people
He is the current president and has not made a big move yet
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