Malik October 8, 2016 The20 Policy #3.4 The Trump Tax cuts and 'Trickle-down Economics' Malik October 8, 2016 The20 In the first debate of the 2016 US Election, Trump was asked to defend tax cuts for the rich. Clinton labelled his tax cuts for the wealthy “Trumped up trickle down”. What is “trickle-down economics”? How can we refute it? Read on to find out.