Question

How did people respond to the large tax cuts for the wealthy in Reagan's supply-side economic policy?

Answer 1

According to Reagan, this policy wanted to "improve incentive for the individual, incentives for business to encourage production and hiring of the unemployed and to free up money for investment."

Some people say it removed a lot of barnacles from the tax code and that improved the tax code. And some other think it didn't lead to a great economic growth.

Answer 2

President’s Reagan large tax cuts for the wealthy is his way to revive the economy of United States. This tax reduction increased tax revenues and income of the people and became a good sign for the people. A lot benefited to this tax cut and makes the economy boomed.