Reaganomics, refers to the economic policies implemented by President Ronald Reagan during the 1980s, which emphasized tax cuts, deregulation, reduced government spending, and a tight monetary policy to stimulate economic growth. The effects of these policies severely impacted the working class, particularly the working poor. It set in motion the down spiral for the middle class, inequality and transfer of wealth towards the rich. In 1981, Reagan enacted significant budget cuts and eligibility r

Here's how Reagan's tax cuts in the 1980s favored corporations and the wealthy, setting the stage for 'trickle-down economics' as we know it today #AThread | NowThis Impact