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Crystalboo92 Crystalboo92
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Posts: 545
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4 years ago

Both presidents Kennedy and Reagan proposed significant cuts in income taxes because



▸

they believed that the tax cuts would enhance economic efficiency.



▸

state governments had increased their taxes and they believed the tax cuts they proposed would result in most citizens paying about the same total state and federal taxes.



▸

they wanted to offset their proposals to increase other taxes.



▸

at the time of their proposals the federal government was experiencing budget surpluses; that is, tax revenue exceeded government expenditures.

Textbook 
InMicro

InMicro


Edition: 1st
Authors:
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krobdancekrobdance
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4 years ago
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Crystalboo92 Author
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#2
4 years ago
This calls for a celebration Person Raising Both Hands in Celebration
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#3
4 years ago
Good answer
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#4
3 years ago
thank you
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#5
3 years ago
thank you
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