Supply-Side Economics in the Reagan Era

During the Reagan Era, the United States underwent a series of major changes in economic policy and foreign relations. President Ronald Reagan's approach to governance was characterized by a commitment to reducing the size of the federal government, implementing supply-side economic policies, and advocating for a strong anti-communist stance abroad. One pivotal event during this period was the escalating arms race with the Soviet Union, particularly concerning nuclear weapons. Understanding the impact of these policies on both domestic and international fronts is crucial for evaluating the legacy of Reagan's presidency.

Which of the following policies or actions is most directly associated with the economic theories of supply-side economics that were promoted during Reagan's administration?