Question

Critics called President Reagan’s Economic plan trickle down economics the term describes his plan to cut taxes allowing money to trickle down from

Answer 1

Answer:

The wealthy to the poor.

Explanation:

The phrase trickle-down theory was coined after a speech by David Stockman, Ronald Reagan's chief economic advisor. He saw the supply-oriented economic policy as part of a long tradition of economics, according to which laissez-faire not only helps those who are well placed in the market, but everyone, even the poorest.

The trickle-down economy was a highly political issue for the Reagan government. Use of the term has been waning since the late 1980s, although the program to lower marginal tax rates, sell state shares, and deregulate was and remains a central program item for the Republican Party.  

Well-known economists dispute the validity of the theory, questioning the premise that lowering the top tax rate would stimulate economic growth and job creation.