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Reagan legislated cuts in domestic discretionary spending, cut taxes, and expanded military spending, which contributed to a near tripling of the federal debt.
Reagan's economic policy
The four pillars of Reagan's economic policy were to relieve the growth of government spending, lower the federal income tax and capital gains tax, reduce government ordinance, and tighten the money supply in order to decrease inflation.
He wisely kept the idea of conservatism simple and straightforward. He declared to incorporate religion into public life, strict the abortion rule, reduce income taxes, build a strong national defense, and cut off funding on some of the welfare programs.
To learn more about Reagan's economic policy visit the link-
https://brainly.com/question/1791228
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