Analysis of information sources in references of the Wikipedia article "Supply-side economics" in English language version.
supply-side-economics: the macroeconomic theory ... .
The supply-side economics is the most recent macroeconomic thought.
[Reagan] proposed a new paradigm, supply-side economics, that promised to increase revenue by decreasing taxes (Hibbs 1987, 280–87, 296– 326). Despite its questionable logic, the sheer novelty of the idea gave Reagan greater leeway in budgetary politics than the public normally would have accepted (Modigliani and Modigliani 1987; Peterson 1985)... He had only a brief window of opportunity before supply-side economics was discredited by staggering budget deficits
The Laffer curve became a powerful pedagogical symbol that many supply siders used when presenting their position.
Jude Wanniski, who wrote the supply-side economics bible, The Way the World Works (1978), while an AEI scholar-in-residence
[Reagan] proposed a new paradigm, supply-side economics, that promised to increase revenue by decreasing taxes (Hibbs 1987, 280–87, 296– 326). Despite its questionable logic, the sheer novelty of the idea gave Reagan greater leeway in budgetary politics than the public normally would have accepted (Modigliani and Modigliani 1987; Peterson 1985)... He had only a brief window of opportunity before supply-side economics was discredited by staggering budget deficits
One might reasonably argue that Trump's tax cuts will increase growth over the next decade by as much as half a percentage point per year. But that is a long way from the one- to four-percentage-point boost that the president and his associates have bragged of, and that Moore and Laffer quote without explanation, caveat, or apology.
The Laffer curve became a powerful pedagogical symbol that many supply siders used when presenting their position.
[Kenneth Kriz, a professor of public finance at Wichita State University, said] "Studies have shown that tax cuts tend to pay anywhere between 10 percent and 30 percent of their costs," he says. "So if we cut taxes by a trillion dollars, we're going to probably get an extra hundred billion back ... in extra revenues from economic growth. But that still leaves $700 [billion] to $900 billion in cuts that will have to be made. Those cuts also have an economic effect in drawing down the economy."
Members of the tight-knit group have shaped Trump's signature tax cut, helped install each other in posts with vast influence over the global economy, and are working to channel Trump's mercantilist instincts into pro-trade policies. ... The supply-siders began pushing Trump on trade, advising him to encourage a lowering of trade barriers on all sides, rather than raising them. Last June, Kudlow persuaded Trump to float the idea of the world governments eliminating all tariffs at a G-7 summit in Quebec.
The Laffer curve became a powerful pedagogical symbol that many supply siders used when presenting their position.
[Reagan] proposed a new paradigm, supply-side economics, that promised to increase revenue by decreasing taxes (Hibbs 1987, 280–87, 296– 326). Despite its questionable logic, the sheer novelty of the idea gave Reagan greater leeway in budgetary politics than the public normally would have accepted (Modigliani and Modigliani 1987; Peterson 1985)... He had only a brief window of opportunity before supply-side economics was discredited by staggering budget deficits
Yet red states such as Indiana and North Carolina have successfully reduced taxes while maintaining a balanced budget, said Joe Henchman, an attorney at the right-leaning Tax Foundation in Washington. They have done so by reducing spending sufficiently to make up for the difference. "They didn't assume that the cuts would pay for themselves," Henchman said. "It's true that while tax cuts can boost economic activity, most tax cuts do not pay for themselves budgetarily."
[Kenneth Kriz, a professor of public finance at Wichita State University, said] "Studies have shown that tax cuts tend to pay anywhere between 10 percent and 30 percent of their costs," he says. "So if we cut taxes by a trillion dollars, we're going to probably get an extra hundred billion back ... in extra revenues from economic growth. But that still leaves $700 [billion] to $900 billion in cuts that will have to be made. Those cuts also have an economic effect in drawing down the economy."
Yet red states such as Indiana and North Carolina have successfully reduced taxes while maintaining a balanced budget, said Joe Henchman, an attorney at the right-leaning Tax Foundation in Washington. They have done so by reducing spending sufficiently to make up for the difference. "They didn't assume that the cuts would pay for themselves," Henchman said. "It's true that while tax cuts can boost economic activity, most tax cuts do not pay for themselves budgetarily."
The Laffer curve became a powerful pedagogical symbol that many supply siders used when presenting their position.
Jude Wanniski, who wrote the supply-side economics bible, The Way the World Works (1978), while an AEI scholar-in-residence
[Reagan] proposed a new paradigm, supply-side economics, that promised to increase revenue by decreasing taxes (Hibbs 1987, 280–87, 296– 326). Despite its questionable logic, the sheer novelty of the idea gave Reagan greater leeway in budgetary politics than the public normally would have accepted (Modigliani and Modigliani 1987; Peterson 1985)... He had only a brief window of opportunity before supply-side economics was discredited by staggering budget deficits
