Supporters of supply-side economics claim that ________ tax policies were quite successful in stimulating the economy because throughout most of the 1980s, federal receipts continued to rise even though tax rates had been cut.

Question

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Supporters of supply-side economics attribute the economic growth of the 1980s to the tax policies implemented by President Ronald Reagan, which involved significant tax cuts for individuals and businesses. These tax cuts were designed to stimulate economic growth by allowing individuals and businesses to invest more of their money and resources back into the economy. Despite these tax cuts, federal receipts continued to rise throughout most of the 1980s, which supporters of supply-side economics see as evidence of the success of their approach.

Supporters of Supply-Side Economics Claim That ________ Tax Policies Were