Republicans tend to favor less government regulation and lower taxes so that the wealth of business owners and the rich create jobs and income for the less well off. What is this approach called?

Question

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This approach is commonly referred to as trickle-down economics. The idea is that by lowering taxes and reducing regulations on businesses and the wealthy, they will have more money to invest in job creation and economic growth which will in turn benefit the less well off.

Republicans Tend to Favor Less Government Regulation and Lower Taxes