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A school of economics that believes tax cuts can help an economy by raising supply is known as?
I believe its called supply-side economics, not 100% sure :/
Which is not a policy tool used by the Fed?
Making tax cuts
How are tax cuts beneficial?
Tax cuts allow citizens to have more money in their pockets for things such as spending or saving. This means businesses will receive more money, and banks will have more money to lend.
What do theoretical economists study?
Theoretical economists, employing mathematical models, develop theories to examine major economic phenomena, such as the causes of business cycles or inflation or the effects of unemployment, energy prices, or tax laws.
What is the theory that government spending and tax cuts can raise demand called?
for god sake
How do economists define saving?
That part of after-tax income which is not consumed.
Republican presidents of the 1920s favored?
tax cuts for wealthy americans
Bush Tax cuts?
Across the board tax reduction that occurred during 2001 and 2003. Supporters of President Bush's actions said it gave a tax cut ("tax relief") to everyone who paid income taxes. Opponents noted it was highly unusual to give tax cuts during a war; that these cuts mainly helped the wealthy; and that the tax cuts contributed to a growing budget deficit. The tax cuts were scheduled to expire in 2010.
What is the nickname for a series of US government spending cuts and tax increases that could take effect in January?
I Believe it is the Fiscal Cliff
Do Actors get tax cuts?
no lol
Most economists believe that a sales tax increase affects which group the MOST?
Most economists believe that a sales tax increase affects low-income individuals the most. This is because low-income individuals tend to spend a larger percentage of their income on goods subject to sales tax, making the overall tax burden feel heavier for them compared to higher-income individuals.
Why does the President Obama believe that Tax Cuts are critical to help revive the economy?
Tax cuts mean more money to be spent. More money being spent means more money movement in the economy. A higher money movement is inherent in a strong economy, and often necessary.
Can Obama repeal tax cuts?
Presidents often try to implement tax cuts (Obama has cut taxes several times since he has been in office). But tax cuts generally cannot be repealed unless congress goes along with it.
What are budget cuts?
budget cuts are cuts or shortages of money made by the government due to the lack of tax payers
A school of economics that believes tax cuts can help an economy by raising supply is known as?
I believe its called supply-side economics, not 100% sure :/
Can I get a tax cut for my small business?
There are actually 17 tax cuts for small businesses at the moment. To see a detailed list of all 17 small business tax cuts go to http://www.whitehouse.gov/blog/2011/02/25/seventeen-small-business-tax-cuts-and-counting
Which statement best describes how tax cuts might impact state services?
Tax cuts might cause the government to reduce state services.
