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Thomas Sowell, a proponent of supply-side economics, says that trickle-down economics have never been advocated by any economist, writing in his 2012 book "Trickle Down" Theory and "Tax Cuts for the Rich" that "[t]he 'trickle-down' theory cannot be found in even the most voluminous scholarly studies of economic theories."
Conservatives believed a large tax cut would "boost investment, raise employment, and jump-start the economy", [7] a theory sometimes described as supply-side economics or trickle-down economics. [5] Reducing taxes was one of Brownback's two major stated goals as governor (the other being to increase spending on education). [30]
There were two major tax cuts: The Economic Recovery Tax Act of 1981 and the Tax Reform Act of 1986. The tax cuts popularized the now infamous phrase "trickle-down economics" as it was primarily used as a moniker by opponents of the bill in order to degrade supply-side economics, the driving principle used to promote the tax cuts.
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The rise of conservative UK Prime Minister Liz Truss led to an immediate economic disaster, writes Marc Johnson. All from following the same model developed by Reagan and Thatcher, which has ...
Reagan pushed a “trickle down” economic agenda designed to benefit businesses through deregulation and tax cuts. ... “Government is not the solution to our problem — government is the ...
Mr. David Stockman has said that supply-side economics was merely a cover for the trickle-down approach to economic policy—what an older and less elegant generation called the horse-and-sparrow theory: If you feed the horse enough oats, some will pass through to the road for the sparrows. — John Kenneth Galbraith [136]
Reagan maintained that his economic policies would benefit all, but his use of what some call trickle-down economics faced accusations of only benefitting the wealthy. Read more about so-called ...