Voodoo Economics Trend 2026

A term coined by George H.W. Bush during the 1980 GOP primaries, "Voodoo Economics" pejoratively describes supply-side fiscal policies, particularly large tax cuts aimed at the wealthy and corporations. The theory posits these cuts spur investment, ultimately boosting government revenue. Primarily used to critique Reaganomics, its beneficiaries are typically high-income earners and businesses, while critics argue it exacerbates deficits and income inequality.