Ronald Reagan believed that the problems of the United States were primarily due to excessive government spending, and he proposed tax cuts as a solution to stimulate the economy. His administration adopted supply-side economics, emphasizing lower taxes and less government intervention. This marked a significant shift in economic policy at the time. ;
Ronald Reagan believed that the issues facing the United States were primarily due to excessive government spending and proposed tax cuts as a solution. His administration adopted supply-side economics, emphasizing lower taxes and reduced government intervention. This approach marked a significant shift in economic policy during his presidency.
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