How did President Reagan's "supply-side economics" seek to stimulate the economy?

Question

​How did President Reagan's "supply-side economics" seek to stimulate the economy?

Quizplus · Accepted Answer

President Reagan's "supply-side economics" sought to stimulate the economy by lowering income and corporate taxes. The idea was that by reducing tax rates, it would create an incentive for people to work harder and invest more, which would lead to increased economic growth and ultimately generate more tax revenue. This theory became known as "trickle-down economics" because the idea was that the benefits of the tax cuts would trickle down to everyone in the economy.

​How Did President Reagan's "Supply-Side Economics" Seek to Stimulate the Economy

How Did President Reagan's "Supply-Side Economics" Seek to Stimulate the Economy