What was a major component of reaganomics? 1. the belief that tax cuts to the wealthy would trickle down to the less fortunate. 2.the belief that providing tax cuts to lower-socioeconomic americans would boost the economy. 3.the belief that boosting home ownership would lead to americans having an investment in the economy. 4.the belief that correcting the business cycle would boost output and reduce unemployment.

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both are true, the congress does have the power to create banks, even if this power is not specifically described in the constitution, since there is nothing restricting it and there is power given to the congress to make "all laws which shall be necessary and proper". maryland was not allowed to tax a branch of the national bank operating there, and the supreme court decided that no state could. both of these topics were discussed in a decision of the mcculloch v. maryland case in 1819.