1980 Republican Party presidential primaries: Difference between revisions - Wikipedia
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Line 409: Reagan swept the South, and although he lost five more primaries to Bush—including the Massachusetts primary in which he came in third place behind [[John B. Anderson]]—the former governor had a lock on the nomination very early in the season. Reagan said he would always be grateful to the people of Iowa for giving him "the kick in the pants" he needed. Reagan was an adherent to a policy known as [[supply side economics|supply-side economics]], which argues that economic growth can be most effectively created using incentives for people to produce (supply) goods and services, such as adjusting income tax and capital gains tax rates. Accordingly, Reagan promised an economic revival that would benefit all sectors of the population. He said that cutting tax rates would actually increase tax revenues because the lower rates would cause people to work harder as they would be able to keep more of their money. Reagan also called for a drastic cut in "big government" and pledged to deliver a balanced budget for the first time since 1969. In the primaries Bush called Reagan's economic policy " ==Results== | |||