The term trickle-down economics has been around for decades. It refers to a policy of cutting taxes on businesses and the wealthy, with the aim of growing the economy.
Advocates say these tax cuts promote investment, but a number of studies show that it doesn’t work that way.
Here & Now‘s Scott Tong talks to NPR’s Stacey Vanek Smith about why this economic theory keeps being tried when it doesn’t work.
This article was originally published on WBUR.org.
Copyright 2022 NPR. To see more, visit https://www.npr.org.
