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Biden's 'trickle-down' bogeyman

Posted on AllSides June 30th, 2023
From The Right

President Joe Biden is framing his new, vaguely defined “Bidenomics” as an alternative to what is widely referred to on the Left as “trickle-down” economics. CNN has gone right along with this, writing that Bidenomics “rejects the idea of ‘trickle-down’ policies in favor of focusing on the middle class,” and the Financial Times describes it as an “antidote to failed trickle-down policies.”

But they are arguing against a theory that, among their opponents, does not actually exist.

Biden explained “trickle-down” economics in the following way: “The idea was — it’s the belief that we should cut taxes for the...

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