Politicians who always advocate for tax rate cuts,no matter how large the budget deficit is,claim that:
A) a tax rate cut always leads to a decrease in tax revenues.
B) a tax rate cut always leads to an increase in tax revenues.
C) a tax rate cut always leads to reelection.
D) a tax rate cut is easier to pass through legislation than a tax rate increase is.
E) a budget deficit is nothing to worry about if there is a high rate of inflation.
Correct Answer:
Verified
Q12: Income tax revenue is calculated by:
A) tax
Q83: Lower corporate profit tax rates
A) will always
Q102: Which of the following diagrams represents a
Q103: In 1962,the marginal tax rates were as
Q106: Considering all U.S.taxpayers,average tax revenue (adjusted for
Q107: Supply-side fiscal policy initiatives take a long
Q108: The Laffer curve is:
A) an assertion that
Q109: The relationship between tax rates and tax
Q119: At _ tax rates,_ in those tax
Q130: Which of the following is an example
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents