Homework Help: HISTORY

Posted by JO on Friday, May 4, 2012 at 10:25pm.

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

HISTORY - Ms. Sue, Friday, May 4, 2012 at 10:28pm
http://www.google.com/#hl=en&sugexp=cqn%2Ccconf%3D0.95%2Cmin_length%3D2%2Crate_low%3D0.006%2Crate_high%3D0.006&gs_nf=1&pq=ip%20a&cp=21&gs_id=9&xhr=t&q=supply-side+economics&pf=p&sclient=psy-ab&oq=supply-side+economics&aq=0&aqi=g4&aql=f&gs_l=&pbx=1&bav=on.2,or.r_gc.r_pw.r_qf.,cf.osb&fp=d0f8cd49a0fc8cd2&biw=711&bih=453
HISTORY - bobpursley, Friday, May 4, 2012 at 10:30pm
assumptions: if government does not tax the rich, in their generosity or greed, they will make more money, spending more and more money to make wage earners rich.

Consequences: The benefits never appeard, except for the rich. Rich got richer, workers got poorer. But since the rich saw a battlecry that benefitted them, we now keep hearing the chant: Don't tax us, we are the guys who make the country a better place to live.
HISTORY - JO, Friday, May 4, 2012 at 10:38pm
thank you bobpursley!

Answer this Question

Related Questions

history - 12. Link Past and Present In 2001, President George W. Bush signed the...
history - who are the most recent appointees of the supreme court, when and by ...
7th grade math - In 2000, the circulation of a local newspaper was 3,250. In ...
Credit and Taxes - Calculate the after tax yields on the foregoing investments, ...
7th grade math only 2 questions Ms, Sue please - Tom buys a shirt for $22.00 ...
7th grade math mac please - 18. In 2000, the circulation of a local newspaper ...
president bush - can anyone help me find a quote from president bush and what he...
credit and taxes - Savings account in a commercial bank-expected annual yield = ...
history - the views of President Hoover and President Roosevelt on the best ways...
Economics - If 2001 is used as the base year, then what is the price index in ...

For Further Reading

First Name:
School Subject:
Answer: