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Effective Tax Cut: Who makes better use of tax cuts - Essay Example

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The government may give a certain group of its citizens tax cuts aimed for various reasons. The government for instance, may…
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Effective Tax Cut: Who makes better use of tax cuts
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"Effective Tax Cut: Who makes better use of tax cuts"

Download file to see previous pages The issue of tax cuts has been contentious between the democrats and the republicans since early 1960s. Earlier on, the republicans were opposing tax cuts while the democrats were pushing for them. The tables have been overturned today, the democrats are in the opposition and the republicans advocate for tax cuts. Each of the parties has viable ideas on the issue but they have never harmonized and agreed on one idea. This paper will focus on effective tax cuts; who makes better use of tax cuts.
Tax cuts are mostly introduced by the government during recessions. The government gives a relief in tax at various levels to increase the total income that individuals and businesses receive. Due tax cuts, the government reduces the amount of revenue it receives from taxes and hence the need to close the gap arises. The government thus starts selling more bonds to the individuals whom are the beneficiaries of the tax cuts and foreigners. This stimulates expenditure at all levels in the economy and the government gets back the tax cut money (Chuck para 1).
It has been interesting to watch politics and how the government handles its operations since 2008. The issue of tax has been on the discussion board for a long time. Different parties have different points of view and the government has been torn between several viable decisions in most cases. Studying the politicians and their ideologies is particularly important since their decisions while in the government directly affects the citizens. It is therefore important for every citizen who receives income to familiarize themselves with the current tax issues. The information may also come in handy when deciding which candidate to vote for (Chuck para 3).
The American government is run by the democrats and republicans. Philosophically, the democrats are liberals while the republicans are ...Download file to see next pagesRead More
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