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.
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