The bill by President George W. Bush EGTRRA called for large tax cuts similar to Economic Recovery Act of 1981 by President Reagan.
The assumptions behind the theory used as a basis by President Reagan to lower the taxes of big companies was Laffer's theory. This states that when an industry is charged with more tax, it suppresses their capability to produce more products. Since more products mean more tax. If the tax collection is lowered, this will result in higher production and is good for the country's economy. Also, they thought that the previous tax collection is more than what the government needs.
<span>The correct answer is B. Dubai has a thriving economy and is a fast developing area, but there is the sense that little thought has been spared for the environment the city is built upon. Dubai now faces a serious lack of water, which with parching summers and the drought that comes with them, is a big issue.</span>
They must manage a lot of jobs and housing for many including citizens, immigrants, and refugees
