Question

According to the "trickle-down" policy of Republican president Ronald Reagan, what is the primary economic benefit of reduced taxation?

Answer 1

Answer:

Trickle-down economics, or “trickle-down theory,” states that tax breaks and benefits for corporations and the wealthy will trickle down to everyone else. It argues for income and capital gains tax breaks or other financial benefits to large businesses, investors, and entrepreneurs to stimulate economic growth