In 1992,the first Bush administration was worried about a lingering recession.The administration announced that households would receive a reduction in their taxes for the year 1992.However,this was not accompanied by a reduction in tax rates,and the taxes would have to be repaid when households filed their taxes in April 1993.Explain what the impact of such a policy would be.

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The Answer of In 1992,the first Bush administration was worried about a lingering recession.The administration announced that households would receive a reduction in their taxes for the year 1992.However,this was not accompanied by a reduction in tax rates,and the taxes would have to be repaid when households filed their taxes in April 1993.Explain what the impact of such a policy would be.

In 1992,the First Bush Administration Was Worried About a Lingering