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Why might wealthy oppose income taxes and poor people oppose sale taxes?
Income taxes are usually progressive, so would effect the wealthy the most, while sales taxes would have a greater effect on the poor.
Which combination of fiscal policy actions would be most stimulative for an economy in a deep recession?
decrease taxes and increase government spending
How can lowering taxes stimulate the economy?
Businesses spend more and increase employment.
What is efforts of the federal government to keep the economy stable by increasing or decreasing taxes and or government spending?
increase taxes and and spend systematically
What ways does the government uses taxes and spending to stabilize the economy?
Taxes are a needed evil. They NEVER help an economy. They can prevent one from growing. They can be used to slow an economy. Taxes hurt the people that pay them. A over taxed economy fails. A heavily taxed economy slows to stagnation. If you want to kill an economy and change the direction of a country, step one is tax it to death.
Why might wealthy oppose income taxes and poor people oppose sale taxes?
Income taxes are usually progressive, so would effect the wealthy the most, while sales taxes would have a greater effect on the poor.
Which combination of fiscal policy actions would be most stimulative for an economy in a deep recession?
decrease taxes and increase government spending
How can lowering taxes stimulate the economy?
Businesses spend more and increase employment.
Why might wealthy people oppose income taxes and poor people opposed sale tax?
Income taxes are usually progressive, so would effect the wealthy the most, while sales taxes would have a greater effect on the poor.
What is efforts of the federal government to keep the economy stable by increasing or decreasing taxes and or government spending?
increase taxes and and spend systematically
What would most likely occur if the government's priority was to increase government expenditures?
increase taxesincrease taxesincrease taxes.
What ways does the government uses taxes and spending to stabilize the economy?
Taxes are a needed evil. They NEVER help an economy. They can prevent one from growing. They can be used to slow an economy. Taxes hurt the people that pay them. A over taxed economy fails. A heavily taxed economy slows to stagnation. If you want to kill an economy and change the direction of a country, step one is tax it to death.
What party believes that increasing taxes during an economic recession is necessary to finance the increase of government spending?
In the U.S: Republican Party: Opposes to increasing taxes most of the time. Many believe that by reducing taxes to top earners, businesses will use the savings to spend more on the economy or retain earnings in a company to grow by investing in equipment or hiring more employees. Democratic Party: Proposes increasing taxes to the wealthy to fund government programs that help the economy recover. To my understanding the statement in the question does not exemplify the views of any of the two major parties in the U.S as during a recession Democrats try to increase government spending (taxing only the very wealthy) while Republicans try to incentive the economy through tax incentives and reductions in government spending. Both views make sense and are reasonable and should be respected
How do you provides taxes to economy?
how do provides taxes to economy
How does supply-side ecnomists argue that cutting taxes will benefit the economy?
Cutting taxes would result in more jobs, a more productive economy
What did the supporters of supply-side economics believe was the best way to improve the economy?
cut taxes to increase investments
Why might wealthy people oppose income taxes and poor people oppose taxes?
Each opposes the tax that would have the greatest effect on them.
