15 Pages Posted: 29 Mar 2012
Date Written: March 26, 2012
This report analyzes the economic effects of the significant changes in tax and regulatory policy that have occurred since the election of Ronald Reagan in 1980. Reagan’s conservative policies, which have mostly been followed since, contrasted sharply with those that were in place for nearly five decades following the election of Franklin Roosevelt in 1932. Both political parties, Republicans and Democrats, believe that their respective political philosophies, conservative and progressive, are the best alternative for America. The report looks at empirical results to see which party may be right.
The economic results demonstrate that Reaganomics doesn’t work very well as an economic or regulatory philosophy if the goal of the country is general and sustainable economic prosperity.
Suggested Citation: Suggested Citation
Yu, H. Nelson, Reaganomics: A Report Card (March 26, 2012). Tax Notes, March 2012. Available at SSRN: https://ssrn.com/abstract=2029857