How Reaganomics Made the World Work

The policy that came to be known as “Reaganomics” started more than two years before the election of Ronald Reagan. At least for me, the new era dawned on April 20, 1978. On that morning, a Wall Street Journal article on the House Ways and Means Committee’s doubts about the Carter Administration tax proposals included the following paragraphs:

A major cause for worry on the part of liberals and the Administration is a proposal by Representative William Steiger (R., Wis.) to reduce the tax on capital gains. Representative Steiger claims to be close to the 19 votes he needs to win approval for his amendment from the 37-member committee. . . .

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Robert L. Bartley

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The policy that came to be known as “Reaganomics” started more than two years before the election of Ronald Reagan. At least for me, the new era dawned on April 20, 1978. On that morning, a Wall Street Journal article on the House Ways and Means Committee’s doubts about the Carter Administration tax proposals included the following paragraphs:

A major cause for worry on the part of liberals and the Administration is a proposal by Representative William Steiger (R., Wis.) to reduce the tax on capital gains. Representative Steiger claims to be close to the 19 votes he needs to win approval for his amendment from the 37-member committee. . . .