Apparently not THAT easy. Find any reference to 'supply side' that doesn't have 'trickle down' as a synonym and which does NOT mention tax CUTS as the core principle.
Your Bush/Clinton example makes the arguments for tax hikes.
The last actual attempt to employ supply side was the Bush tax cuts in the early part of the last decade.
Presto. Shit job creation, budget surplus wiped out, wars and Medicare D put on the 'credit card'....deficit spending.
As for who 'pitched it'? Here's a little history:
Your Bush/Clinton example makes the arguments for tax hikes.
The last actual attempt to employ supply side was the Bush tax cuts in the early part of the last decade.
Presto. Shit job creation, budget surplus wiped out, wars and Medicare D put on the 'credit card'....deficit spending.
As for who 'pitched it'? Here's a little history:
Quote:The term "supply-side economics" was thought, for some time, to have been coined by journalist Jude Wanniski in 1975, but according to Robert D. Atkinson's Supply-Side Follies,[4] the term "supply side" ("supply-side fiscalists"was first used by Herbert Stein, a former economic adviser to President Nixon, in 1976, and only later that year was this term repeated by Jude Wanniski. Its use connotes the ideas of economists Robert Mundell and Arthur Laffer. Supply-side economics is likened by critics to the theory of trickle-down economics,[5][6][7] which may, however, not actually have been seriously advocated by any economist in that form.[8][9]
The Laffer curve illustrates a central theory of supply-side economics, that lowering tax rates may generate more government revenue than would otherwise be expected at the lower tax rate because moving off of a prohibitively high tax system could generate more economic activity, which would lead to increased opportunities for tax revenues.[10][11]
However, the Laffer curve only measures the rate of taxation, not tax incidence, which is a stronger predictor of whether a tax code change is stimulative or dampening.[12] In addition, studies have shown that tax cuts done in the US in the past several decades seldom recoup revenue losses and have minimal impact on GDP growth
