Author Question: A majority of uninsured Americans are full-time workers and their families. Indicate whether the ... (Read 54 times)

newyorker26 · **on:** Jul 10, 2018

A majority of uninsured Americans are full-time workers and their families.

Indicate whether the statement is true or false

Question 2

Explain why tax expenditures benefit middle- and high-income taxpayers, using at least one specific tax expenditure as support. Do you think tax expenditures are a good idea? Justify your answer.

What will be an ideal response?

Jossy · **Reply #1 on:** Jul 10, 2018

Answer to Question 1

TRUE

Answer to Question 2

An ideal response will:
1, Define tax expenditure as revenue losses that result from special exemptions, exclusions, or deductions.
2, Highlight an example of tax expenditure, like a mortgage interest tax deduction or a charitable tax deduction. Explain that middle- and high-income taxpayers benefit from tax expenditures because they are provisional to things in which wealthier people are likely to be involved, like home ownership.
3, Explain that tax expenditures lack regular congressional review.
4, Make an argument for or against tax expenditures.