In recent history, the term has been used broadly by critics of supply-side economics.
[5] Major UK examples include the tax cut policies of Margaret Thatcher,[3] the economic policies of Friedrich Hayek,[6] and Liz Truss's mini-budget tax cuts of 2022.
[11][12] At the same time, some criticisms of Obama's economic policy were labeled trickle up.
[15] On February 17, 2009, President Obama signed into law the American Recovery and Reinvestment Act (ARRA), a $787 billion economic stimulus package aimed at helping the economy recover from the deepening worldwide recession.
[16] The act included increased federal spending for health care, infrastructure, education, various tax breaks and incentives, and direct assistance to individuals.