Changes

"Reaganomics" includes the idea of 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 stimulate the economy, thereby improving the economic situation of everyone.

"Reaganomics" includes the idea of 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 stimulate the economy, thereby improving the economic situation of everyone.<ref>'Supply-side economics is better known to some as "Reaganomics", or the "trickle-down" policy espoused by former U.S. president Ronald Reagan. He popularized the controversial idea that greater tax cuts for investors and entrepreneurs provides incentives to save and invest and produce economic benefits that trickle down into the overall economy.'  [http://www.investopedia.com/articles/05/011805.asp Understanding Supply-Side Economics], David Harper </ref>

Reagan's own vice-president, George H. W. Bush, referred to Reaganomics as "voodoo economics."

Reagan's own vice-president, George H. W. Bush, referred to Reaganomics as "voodoo economics."