How are the economic policies of President Reagan and president George W Bush similar?

Both President Reagan and President George W. Bush implemented supply-side economic policies aimed at stimulating growth through tax cuts. Reagan's administration focused on reducing income tax rates to encourage investment and spending, while Bush enacted tax cuts that similarly aimed to boost economic activity. Additionally, both presidents emphasized deregulation and believed that reducing government intervention would lead to a more robust economy. These approaches led to significant budget deficits during their respective terms, as tax revenues fell short of funding government spending.