Author Question: Discuss the changes in tax policies under the different administrations in recent decades. In your ... (Read 58 times)

mrsjacobs44 · **on:** Jul 10, 2018

Discuss the changes in tax policies under the different administrations in recent decades. In your opinion, are tax policies based solely on party politics, or are other factors taken into account?

What will be an ideal response?

Question 2

___________ represent the imbalance when government expenditures exceed federal tax revenues.

Fill in the blank with the right word.

xoxo123 · **Reply #1 on:** Jul 10, 2018

Answer to Question 1

Answer:
An ideal response will:
1. Summarize the various tax policy packages of recent administrations and assess the effects that party politics and other factors have on tax policy, such as the following:
Bush was strongly committed to lowering taxes to revive the economy. President Obama urged Congress to allow the Bush tax cuts to expire, while Republicans in Congress united behind the notion of extending the Bush tax cuts. The issue threatened gridlock and the ability of Congress to act in time to stave off the tax increases scheduled to begin in January 2011. The issue fell to the Democrat-controlled lame duck Congress in December to resolve.
2. Offer a compelling conclusion on whether party politics alone or in combination with other factors is the impetus for tax policy.

Answer to Question 2

Answer: Deficits