Republicans and Evangelicals I The Failure of Supply-Side Economics

Give to help Chris make Truce Gerald Ford's administration was in trouble. The country was experiencing stagflation, where prices were going up but employment was going down. What could he do? He announced his desire to lower taxes. This proposal was met with opposition by... Ronald Reagan. Reagan was worried that these cuts would increase the national debt. Then, just a few years later, Reagan changed his mind. Two major things happened. One was the invention of supply-side economics (also called trickle-down economics) and the other was the tax revolt of the 1970...