Supply-side Economics: This economic theory emphasizes that lower taxes and less regulation will incentivize businesses to produce more goods and services, leading to economic growth.
Trickle-down Economics: This theory suggests that when the wealthy receive tax cuts or other financial benefits, their increased wealth will "trickle down" to benefit everyone else in society.
Laffer Curve: Named after economist Arthur Laffer, this curve illustrates the relationship between tax rates and government revenue. It suggests that there is an optimal tax rate beyond which increasing taxes would lead to diminishing returns in revenue collection.