Respuesta :

cyclix5

Answer:

His idea, which was shared by many conservatives, was called supply-side economics, or trickle-down theory. They argued that by cutting taxes for the elite, the corporations would be able to expand their company and thus bring in new jobs, helping everybody in the process. As a result, they believed that the economic benefits will seep, or "trickle-down" to the poor.

If you are taking APUSH, you should also note that liberals wanted Keynesian economics, where they believed that the key to economic success was for the government to spend a lot of money to keep the economy circulating.

Reagan and conservative Republicans would believe that the cutting down of taxes would eventually help all Americans by

  • providing more opportunities for people
  • reduction in benefits for poor people

What is the meaning of Tax?

Tax is an obligated amount levied on the earned income of the taxpayer in the previous year. It can be varied from year to year as the IRS revised the rates of taxes every year.

  • The cutting down of taxes as given by the Reagan and conservative Republicans was actually the theory of supply-side economics where the taxes are cut of the powerful corporations in the US.
  • It results in creating many job opportunities for the American people. But the economic benefits for the poor sector would get down due to fewer tax revenues received from the federal government.

Therefore, the tax-cutting by the republicans would create new jobs for the people of America in the various corporations.

Learn more about the taxes in the mentioned link:

https://brainly.com/question/12611692

#SPJ2

Otras preguntas