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This is a politically charged subject, so this is highly debatable. But, I will tell you it is generally more helpful to cut taxes in a recession and raise taxes in an inflationary period.
The reason you want to cut taxes in a recession(or just stick with an expansionary fiscal policy) is to increase Aggregate Demand is gain a state of growth.
You would want to raise taxes in an inflationary period(or just have a contradictory fiscal policy) is to decrease inflation which is probably caused by too much demand. China is a great example!
What else can I help you with?
What did the supporters of supply-side economics believe was the best way to improve the economy?
cut taxes to increase investments
Supply side economics of Ronald Reagan?
the supply of goods and service's would increase
Should the government increase taxes rates on everyone as a way to equalize incomes and wealth?
no
Will an increase in net taxes decrease real GDP?
Yes, an increase in net taxes can decrease real GDP. Higher taxes reduce disposable income for consumers, leading to lower consumer spending, which is a significant component of GDP. Additionally, if businesses face higher taxes, they may cut back on investment and hiring, further dampening economic growth. Overall, increased net taxes can lead to reduced aggregate demand, negatively impacting real GDP.
Why do taxes increase?
taxes increase as the debt cieling increases to keep the american government in order and slow the "digging our own hole to fall in".
What did the supporters of supply-side economics believe was the best way to improve the economy?
cut taxes to increase investments
Do republicans want to raise or cut taxes?
They want to cut taxes.
Supply side economics of Ronald Reagan?
the supply of goods and service's would increase
Should the government increase taxes rates on everyone as a way to equalize incomes and wealth?
no
Should the taxes be cut or increased during the recovery or recession?
Cut or left alone-preferably cut, but since there is a deficit it is unlikely. If they cut spending & leave it alone there might be hope for us.
If you owe state taxes when are they due?
State taxes must be paid by the April of that particular year. A fine will be incurred should the taxes not be paid, and the length of time they remain unpaid will increase the fine.
What would most likely occur if the government's priority was to increase government expenditures?
increase taxesincrease taxesincrease taxes.
Does getting an appraisal increase taxes?
Getting an appraisal does not directly increase taxes. However, if the appraisal results in a higher assessed value for your property, it could potentially lead to an increase in property taxes.
Why should Jesse Jackson jr be on the African American stamp?
he does good things such as politics and tried to cut taxes(?)
Did taxes increase or reduce?
Reduce
Did Obama cut Employment taxes?
yes
Why were taxes cut in 1964?
to stimulate the economy
