Question

Critics called President Reagan’s economic plan “trickle-down economics.” The term described his plan to cut taxes, allowing money to trickle down from

Answer 1

The correct answer for above statement is:

the wealthy to the poor.

Explanation:

The term "trickle-down" started as a joke by humorist Will Rogers and now is often used to analyze economic strategies which support the prosperous or furnished while being constructed as good for the common citizen. In recent history, it has been used by critics of supply-side financial policies, such as "Reaganomics".

Answer 2

The correct answer is:

The wealthy to the poor.

U.S. President Ronald Reagan´s policies became popularly known as trickle-down economics, due to the notable cuts in the upper tax brackets, in the belief that additional money for the wealthy could trickle along to low-income people. Political adversaries of the Reagan administration promptly took on this term in an attempt to declare Reaganomics as attending only to the wealthy.