Asked by
Jason Jaimes
on Oct 13, 2024
Verified
Critics of the tax cut of 2001 made all of the following arguments EXCEPT
A) It would push up the federal budget deficit.
B) Most of the benefits would go to the rich.
C) The last time massive tax cuts were enacted in the 1980s,budget deficits increased dramatically.
D) The tax cut will discourage people from working.
Federal Budget Deficit
Occurs when a government spends more money than it receives from taxes and other revenues within a fiscal year.
- Acquire knowledge on the transformations in tax legislation and adjustments in fiscal policy over recent years.
- Investigate the effects of taxation and governmental outlays on economic and social structures.
Verified Answer
DG
Learning Objectives
- Acquire knowledge on the transformations in tax legislation and adjustments in fiscal policy over recent years.
- Investigate the effects of taxation and governmental outlays on economic and social structures.