This distinction, taught in Economics 101, seldom makes it into the Washington sound-bite wars. A demand-side cut rests on the Keynesian theory that public consumption spurs economic activity. Government puts money in people's hands, as a temporary measure, so that they'll spend it.
A supply-side cut sees business investment as the key to growth. Government gives money to businesses and wealthy individuals to invest, ultimately benefiting all Americans. Back in the early 1960s, tax cutting was as contentious as it is today, but it was liberal demand-siders who were calling for the cuts and generating the controversy. JFK, the demand-side tax cutter. - By David Greenberg - Slate Magazine
sorry folks. We are infected with a supply of nitwits who see things through a closed lens.
Spin it how ever you want bud. He cut the TOP MARGINAL RATE from 91 to 70%. A massive supply side cut.
If you do not want to call him a supply sider More Power to ya. But you can not ignore the fact that he was a tax cutter. Not a tax and spender like Democrats today.
That tax cut was financed, Reagan's and Bush's were funded by debt. It was also enacted prior to the kind of globalization we see today. The 91% rate was a leftover of the tough methods used to fight the Great Depression and WWII, and it did its job and was no longer needed.
Just because you say so does not make it so.