President Obama presented his budget and left no doubt that he was being serious when he promised change. The $3.55 trillion spending plan included broad goals and few details, but outlined how Obama plans to finance more spending in health care, energy, and education while increasing the taxes on the top 5 percent of taxpayers, the oil and gas industry, and hedge fund managers, among others. In short: Bye, bye Reaganomics.
Reaganomics
A popular term used to refer to the economic policies of Ronald Reagan, the 40th U.S. President (1981–1989), which called for widespread tax cuts, decreased social spending, increased military spending, and the deregulation of domestic markets.
美國總統 Regan
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