In addition to raising revenues, specific U.S. taxes may have other objectives (e.g., economic or social objectives).

Question

Quizplus · Accepted Answer

Yes, specific U.S. taxes may have other objectives beyond raising revenues, such as promoting economic growth or addressing social issues. For example, tax credits for businesses investing in renewable energy sources like solar power aim to encourage green innovation and reduce carbon emissions. Similarly, the Affordable Care Act implemented a tax penalty for individuals without health insurance to incentivize greater participation in the healthcare system and reduce the number of uninsured Americans.

In Addition to Raising Revenues, Specific U