This case highlights the use of supply side economics and tax cuts. This ideology was referred to as by George H.W. Bush as “voodoo economics.” The legacy, also touted in the recent Trump administration, was known as “Trickle Down economics.”
Apply the assigned readings in weeks 1- 4 and the case facts to answer the following question raised by the case
Question 4: The deficits generated by ERTA, TEFRA and The Tax Reform Act resulted in a 186% increase in the U.S. deficit over the debt inherited by the Regan administration.
What were the 4 major factors contributing to the deficit increases? Explain.
The citation should be only from the readings i sent. we cannot use outsource documents..Also. page citation must be included when readings are cited.( example “(Steuerle, C. Eugene, 2008 pp. 70)” the most citation you use in the answer tge better
