Question

can someone help me? I'm not getting this question..

In 2001, President George W. Bush signed the Economic Growth and Tax Relief Reconciliation Act of 2001 (EGTRRA). This bill called for large tax cuts just as the Economic Recovery Act of 1981 had and largely benefited the wealthiest Americans. President Bush’s approach to economics was very similar to that of President Reagan’s. Explain the assumptions behind the theory of supply-side economics, and describe the consequences of Reaganomics.

Answer 1

I don't know sorry man

Answer 2

in brief: Reagan's policies led to a much greater income gap between the rich and the poor (with the middle class mostly staying the same). Tax cuts put more money into the hands of the citizens - which, ideally, will result in increased spending and productivity. Since most of the benefits went to wealthy Americans, the assumption here is that the rich will in turn invest and create businesses, and the beneficial effects will "trickle-down" to the rest of the nation. Whether or not this actually occurs is a subject of fierce, and very relevant debate - this same argument is being played out between the GOP and the Dems, with the GOP advocating tax cuts for all (including the wealthy) and major spending cuts

Answer 3

if you didn't know , then why did you even say anything ? and thank you !