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How did Reagan suggest keeping the deficit down if taxes were cut?
Wiki User
∙ 12y ago
The hope was that lower taxes would stimulate business expansion, resulting in more jobs and more income, thus increasing revenue even at the lower rate. He also hoped to cut expenditures .
Wiki User
∙ 12y ago
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Can you make a sentence with Budget deficit?
The government was under pressure to raise more taxes due to the budget deficit they had.
When is the government budget deficit is most likely to rise?
When there is a decrease in taxes
Which if the following is an example of exspansionary fiscal policy?
the government cuts taxes
What is a deficit?
A deficit is a shortage. Similar to anaccount that is overdrawn. in other words you are spending money that does in reality not exist yet. Deficit spending is spending money you don't own in other words borrowed money. A deficit, or deficit financing, is what happens when the government spends more money than it takes in from taxes. Deficit spending can be accomplished by borrowing or simply by printing more money. Deficit is a lack or shortage... When governments say that there is a deficit, they mean that they are unable to come up with the required amount of money needed to run the country.
A federal budget deficit exists when?
The federal government purchases exceed net taxes.
How did Congress want to reduce the massive Federal deficit caused by the Reagan years?
He kept taxes low and increased govt. spending.
What were two of the principal reasons for the huge Federal deficit inherited by President Bush?
massive defense spending by Ronald Reagan a series of laws reducing the amount of taxes
Is it good for the US to have a deficit and why?
NO! a deficit means that the US's expenditures exceed their revenues (money earned from taxes). If the deficit cant be closed at the end of the fiscal year the deficit becomes a Debt.
Can you make a sentence with Budget deficit?
The government was under pressure to raise more taxes due to the budget deficit they had.
Who enacted 1987 taxes on unemployment?
President Reagan.
When is the government budget deficit is most likely to rise?
When there is a decrease in taxes
Which if the following is an example of exspansionary fiscal policy?
the government cuts taxes
Colonial powers harmed their colonies by?
Keeping wages low and taxes to high
What Ronald Reagan policies made US companies go elsewhere to conduct business?
Ronald Reagan's policies that made USA companies to go elsewhere to conduct business included fiscal integrity policy, sustained tax relief, and sound monetary policy. Another answer: Ronald Reagan raised taxes while also letting the deficit grow out of control. He spent profligately on the military while slashing domestic programs.
Did Ronald Reagan Pay State Income Taxes in 1970?
yes
Which president has raised taxes the most?
Ronald reagan
What term represents the amount of money the government is spending over what if is receiving in taxes?
deficit
