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The U.S. House Committee on Ways and Means is primarily responsible for raising federal revenue. This committee oversees tax policy, including the development and modification of tax laws, as well as other revenue-generating measures. It plays a crucial role in shaping the federal budget and fiscal policy through its legislative authority over taxation and revenue generation.
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What standing committee in a house decides how to raise money for the federal government?
The House Ways and Means Committee is the standing committee responsible for determining how to raise money for the federal government. It oversees taxation, revenue generation, and social security, and is key in shaping tax policy and fiscal legislation. This committee plays a crucial role in the federal budget process and the allocation of government funds.
What committee of the senate is charged with finding ways to raise federal revenues?
The Senate Finance Committee is responsible for finding ways to raise federal revenues. This committee oversees taxation and revenue generation, as well as programs related to health care, social security, and trade. It plays a crucial role in shaping tax policy and addressing fiscal issues.
What US Senate committee is charged with finding ways to raise federal revenues?
A powerful committee of the U.S. Senate charged with finding ways to raise federal revenues is the _______ Committee. A. Finance B. Ways and Means C. Budget D. Appropriations Answer: Finance
A powerful committee of the US Senate charged with finding ways to raise federal revenues is the Committee?
Finance :) I hope this helped. ;)
What is the main responsibility of the house and means committee?
deciding how to raise money for the federal government
What is the main responsibility of the House and Ways Committee?
deciding how to raise money for the federal government
Any proposed law to raise federal revenue must orignate in the?
House of Representatives
What are duties of sitting on the ways and means committee?
deciding how to raise money for the federal government
What is a bill to raise money called?
The bills proposed to raise money for the federal government are called revenue bills. Revenue bills must pass through both houses, but originate in the House of Representatives.
What is a revenue bill?
a new law proposed to increase federal income taxes
What is the purpose of sales tax?
To raise money to fund the operations of government.
Who has the power raise money by taxing citizens?
Any legislative body of elected officials, local, state or federal, may draft legislation affecting tax laws and revenue raising.
