Classifier Instance:

Anchor text: Ronald Reagan
Target Entity: Ronald_Reagan
Preceding Context: A leading economic theory advocated by modern Republicans is supply-side economics. Some fiscal policies influenced by this theory were popularly known as Reaganomics, a term popularized during the Presidential administrations of
Succeeding Context: . This theory holds that reduced income tax rates increase GDP growth and thereby generate the same or more revenue for the government from the smaller tax on the extra growth. This belief is reflected, in part, by the party's long-term advocacy of tax cuts. Many Republicans consider the income tax system to be inherently inefficient and oppose graduated tax rates, which they believe are unfairly targeted at those who create jobs and wealth. They believe private spending is usually more efficient than government spending. Republicans oppose the estate tax.
Paragraph Title: Economic policies
Source Page: Republican Party (United States)

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