Reaganomics Did Not Help Revitalize Term Paper

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The most significant economic impact of Reaganomics was the tax cuts, both to personal and corporate income taxes and to the restructuring of the federal income tax brackets. Reaganomics, which was firmly rooted in increasing private capital, stimulated economic growth by offering investment incentives but only during the early years of the administration (Kiskanen). Moreover, deregulation "was clearly the lowest priority among the major elements of the Reagan economic program," (Niskanen).

Reaganomics overall did improve the economy on several indexes relative to the Carter administration.

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When Reagan took office, unemployment was high and so was inflation. Both were lowered as a result of Reaganomics. However, the long-term implications of Reaganomics did not revitalize the economy as much as the adminstration predicted or claimed. In general, the cuts to government spending and the reductions in income tax rates remain the lasting legacies of Reaganomics.

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