Lowering the individual income tax rate will increase household disposable income and consumption spending.

Name: Lowering the individual income tax rate will increase household disposable income and consumption spending.
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Question

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Lowering the individual income tax rate effectively increases take-home pay, resulting in higher disposable income for households. This generally leads to an increase in consumption spending as consumers have more money to spend on goods and services.

Lowering the Individual Income Tax Rate Will Increase Household Disposable