1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
siniylev [52]
4 years ago
14

What effect did the tax cuts of 2003 have?

Social Studies
2 answers:
lesya [120]4 years ago
5 0

Answer:

They caused the government to have a bigger deficit

Explanation:

McGraw Hill, Understanding Economics:

"The 2003 tax cuts put the federal government back in the same deficit spending situation as in 1993. A series of tax cuts reduced taxes in upper income brackets, and government was spending morethan it collected in taxes" (410)

Serhud [2]4 years ago
4 0

<u>Answer: </u>

To cope up with the recession in 2001, the tax cuts in 2003 were enacted by the then President Robert Bush.

<u>Explanation:</u>

  • The income tax cut named as the Jobs and Growth Tax Relief Reconciliation Act was enacted by Bush on May 28th 2003.
  • The primary intention was to end the recession occurred in 2001. This Act reduced the Capital gains tax rate from 20 to 15 percent.
  • It ensured the taxpayers who were paying 10-15 percent slowly reduced to 0 tax in 2008. Small businesses were eased with tax deductions.
  • This has worked effectively for the personal income tax payers and middle class.
  • The gross domestic product showed betterment within a year after the implementation of this act.
You might be interested in
What were the three parts of Henry Clay’s American System?
OverLord2011 [107]
Support for high tariffs
A strong national bank
construction of roads and canals

A, C, F are correct answers

<span />
3 0
3 years ago
Which of the following is a minority ethnic group in several countries despite occupying a large area of the region?
Natali [406]

The Answer is

C. Kurds

8 0
4 years ago
Read 2 more answers
How to answer 3 ways in which this individual can improve his/her performance at work
vlada-n [284]

1. If you are having a hard time trying to do something, ask others for help.

2. Have a sleep schedule, and a schedule for the next day.

3. Organize your work. If you organize your work, you will know where everything is at so you won't stress about it and you can work at your best ability.

5 0
3 years ago
A meeting of all Democrats and Republicans in either the House of Representatives or the Senate is commonly known as a
Ymorist [56]

Answer:

A meeting of all Democrats and Republicans in either the House of Representatives or the Senate is commonly known as a Party Caucus

Explanation:

A description of it is a meeting of the local members of a political party especially to select delegates to a convention or register preferences for candidates running for office.

Additionally, it is described as a closed meeting of party members within a legislative body to decide on questions of policy or leadership.

Hope this helps you

8 0
2 years ago
Which career is included in Correctional Services?
Nikitich [7]

C.probation officer

It’s c since a probation officer has to do with the government therefore it qualifies as correctional services

4 0
3 years ago
Other questions:
  • Your roommate Chuck is having difficulty in his chemistry class. He asks you for advice on how to improve his memory of the mate
    11·1 answer
  • In ____ you can use any character you like without worrying about it being misinterpreted.
    15·1 answer
  • What BEST explains why birth rates decrease under Demographic Transition Theory? a. Sanitation. b. Assurance your children won’t
    13·1 answer
  • Patrick Henry strength in speaking was his.... answer ASAP pleaseeee
    14·1 answer
  • How is representative democracy a good form of government?
    12·1 answer
  • People of sub Sahara are least likely to move
    15·1 answer
  • The year is 1907. A new drug has been marketed as a "blood energizer that will cure many ailments" with a label that accurately
    14·1 answer
  • If it is 9pm at the Prime Meridian 0 degrees, what time is it at 75 degrees?
    6·1 answer
  • Which town in nebraska is notorious for having only 1 resident?.
    11·1 answer
  • What expectations do you have on the course ngec5 and its relevance on seafaring?
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!