Changes

Many people called President [[Ronald Reagan]] a proponent of trickle down economics after he advocated cutting the [[capital gains]] tax rate, but

Many people called President [[Ronald Reagan]] a proponent of trickle down economics after he advocated cutting the [[capital gains]] tax rate, but

:He did not sell this policy on the grounds that ‘there will be a trickle down effect.’ However, opponents often claimed that this miserable ‘trickle down effect’ summarised Reagan’s economic policy<ref name=reagan>

:He did not sell this policy on the grounds that ‘there will be a trickle down effect.’ However, opponents often claimed that this miserable ‘trickle down effect’ summarised Reagan’s economic policy<ref name=reagan />

Actually, as economist [[Thomas Sowell]] points out,

Actually, as economist [[Thomas Sowell]] points out,