| − | "Reaganomics" is the term for tax cuts proposed and enacted by President [[Ronald Reagan]]. | + | "Reaganomics" is the term for tax cuts proposed and enacted by President [[Ronald Reagan]]. It usually refers to the idea of "trickle down theory" in which lowering taxes on capital gains and those with higher incomes will cause a "trickle down" effect, stimulating the economy, thereby improving the economic situation of everyone. |