The way that the conservative revolution of the 1980s and 1990s failed in its promise of tax cuts equaling balanced budgets was because the arrival of the conservative politicians who arrived at the White House thought that cutting or reducing 25% income taxes could take money from the legislative branch, affecting social programs that used to benefit the common American people.
> This conservative revolution would focus more on expending more on the military, diminishing the federal government's role in social programs.
> We are talking about a time when Republican Presidents Ronald Reagan and George W. H. Bush(father) were the leaders of the United States.
> For example, that is why Reagan believed that his "Reaganomics" plan had to make the US economy improve if Americans had more money to spend.
> Reaganomics was the term that identified the economic policies of President Ronald Reagan in 1981.
We conclude that "Reaganomics," was the economic policy of Republican President Ronald Regan that consisted of making cuts and reductions in four important areas of the economy of the United States: reduce the growth of government spending; cut income taxes and capital gain taxes; cut the expansion of the supply of money and diminish the regulation of business.
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