History of the United States II / Unit 16 USH2 2253 short lesson, about 20 seconds
Supply-Side Economics
Captions available
The idea
Influenced by the economist Arthur Laffer, Reagan lowered income taxes on the highest earners, expecting the rich to invest and the gains to reach workers as jobs.
In practice
The Laffer Curve, which the Yawp says the administration touted to justify the plan.
Where people slip
Congressman Jack Kemp, the Yawp adds, promised it would unleash America's creative genius.
Your place on the trail
Every lesson rests on earlier ones and opens later ones. Tap any to jump.
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