The main purpose of the Reagan's policy was to bring the tax rate down, decrease in the amount being spent on the social activities etc.
Who formed the Reagan's policy?
President Ronald Reagan formed the policy to cut the government budget as it was generating so much expenditure. The policy were named as Reaganomics.
Government were spending too much of money on the social activities, and on other programs. Reagan cut down the budget and bring a positive result.
Due to Reaganomics the tax rate were decreased, expenditure was made on National defense etc.
Learn more about the Reaganomics here:-
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