Supply-side economics: This term refers to an economic theory that argues tax cuts and deregulation can stimulate economic growth by incentivizing businesses and investors.
Laffer curve: The Laffer curve is a graphical representation that shows the relationship between tax rates and tax revenue. It suggests that there is an optimal tax rate beyond which further decreases may actually lead to increased revenue.
Trickle-down economics: Trickle-down economics is a theory associated with Reaganomics which posits that providing benefits (such as tax cuts) to the wealthy will ultimately benefit society as a whole through job creation and economic growth.