Biden attempts to consign trickle-down economics to the dustbin of history

30th Apr, 2021

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Trickle down has never worked,’ Joe Biden tells a joint session of Congress. Photograph: Chip Somodevilla/Getty Images

Cut taxes on the rich. Unleash a wave of entrepreneurship. Growth will pick up and more jobs will be created. Everybody benefits. That, in essence, is trickle down – a theory of economics that Joe Biden wants to consign to the dustbin of history.

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