Presidential Effect On Economy

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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