What was Ronald Reagan's economic plan in the 1980s with regards to taxes and military spending?

Ronald Reagan's policy favored cutting military spending to provide tax breaks to the middle class.

Eliminate

B) Ronald Reagan focused on increasing taxes in order to increase military spending during the Cold War.

C) Ronald Reagan implemented supply side economics to decrease taxes while increasing military spending.

D) Ronald Reagan devoted his economic plan to balancing the budget by decreasing taxes and military spending.

Question

Everett Hurst

History

3 October, 12:50

What was Ronald Reagan's economic plan in the 1980s with regards to taxes and military spending?

Ronald Reagan's policy favored cutting military spending to provide tax breaks to the middle class.

Eliminate

B) Ronald Reagan focused on increasing taxes in order to increase military spending during the Cold War.

C) Ronald Reagan implemented supply side economics to decrease taxes while increasing military spending.

D) Ronald Reagan devoted his economic plan to balancing the budget by decreasing taxes and military spending.

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Answers (1)

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Alexandria Ferguson · Answer 1

The correct answer to this question is C. What Reagan did was he slashed the taxes on the individual income and he increased substantially the military budget. He also called for the deregulation of the markets domestically. His plan was based on the supply-side economics or as the opponents called it the trickle-down economics.