US History 1973 - 2014 Commonplace Book: Lecture 10, Reaganomics & Domestic Policy in Reagan's First Term (Con't)

Kemp-Roth was always a Trojan horse to bring down the top rate... It's kind of hard to sell 'trickle down,' so the supply-side formula was the only way to get a tax policy that was really 'trickle down.' Supply-side is 'trickle-down' theory.

—David Stockman, Reagan's 1st term Office of Management & Budget Director

Introduction to (and explanation of) this quote series can be found here.  Read this tag to see all of them.