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Cutting taxes can lead to reduced government revenues, which may result in decreased funding for essential public services such as education, healthcare, and infrastructure. This can exacerbate income inequality if the benefits primarily favor higher-income individuals or corporations. Additionally, significant tax cuts may increase budget deficits and national debt, potentially leading to long-term economic instability. Finally, reduced government spending can hinder economic growth, especially during periods of recession when public investment is crucial.
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Advantages and disadvantages of indirect taxes?
The advantages of indirect taxes accrue only to the politicians who implement them. The disadvantages of indirect taxes are that they are hidden from the taxpayer.
Cutting taxes by a specified fixed amount?
Can you rephrase this? This is not a question. It is just a sentence fragment.
Disadvantages of payroll?
The biggest disadvantage of a payroll system is that the employees will have to pay taxes on the income. The company will have to send the employee a tax document for the year so that the employee can accurately file their taxes.
What are the advantages and disadvantages of inheritance tax?
An advantage of the inheritance tax is that it raises money for the government. A disadvantage is that people that inherit property may not have the means to pay the taxes on the items.
What are some advantages and disadvantages of a Progressive tax?
Advantage: Progressive taxes attempt to reduce the tax incidence of people with a lower ability-to-pay, as they shift the incidence increasingly to those with a higher ability-to-pay
What was part of the agenda of southern Democrats?
Cutting taxes for landowners
Advantages and disadvantages of indirect taxes?
The advantages of indirect taxes accrue only to the politicians who implement them. The disadvantages of indirect taxes are that they are hidden from the taxpayer.
What was part of the agenda of southern democrats-apex?
Cutting taxes for landowners
What are the disadvantages of cutting the forest?
we will lose oxyen
How does supply-side ecnomists argue that cutting taxes will benefit the economy?
Cutting taxes would result in more jobs, a more productive economy
Which is not an example of macroeconomics?
cutting state income taxes
Is not an example of macroeconomics?
cutting state income taxes
How did President Kennedy propose to end the continuing recession?
by cutting taxes
What ideas is a major element of trickle down economics?
Cutting taxes on businesses will encourage them to hire more workers
What are the disadvantages of plants reproducing from plant cuttings?
There are no obvious disadvantages as every cutting that roots will be a clone of the parent. But there is one disadvantage that not every cutting will grow into a new plant so one should plant more than one cutting at a time
A supply-side economist would be in favor of what?
Cutting Taxes
Which of the following is an example of expansionary fiscal policy?
cutting taxes
