White House press secretary Karine Jean-Pierre said Monday that the Biden administration's economic policies were putting 'equity at the center.'
The White House press secretary to key legislation like the Inflation Reduction Act as having transformed the economypolicies are overhauling the U.S. economy by putting "equity at the center." , or "Bidenomics," should be viewed as the opposite of "Reaganomics," a catch-all term to describe President Reagan’s policies of low taxation and cutting spending during the 1980s.
Jean-Pierre argued that "trickle-down economics" – a pejorative used for Reaganomics – "has not worked." President Biden, Jean-Pierre said, was "transforming how an economy should look like for the better so that we do not leave anybody behind."When the reporter noted Reagan’s enduring popularity among some historians, Jean-Pierre reiterated the administration’s belief that "trickle-down economics does not work."
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