Answer:
The Democratic Party believes in cutting taxes for the middle and lower classes and raising them for the upper class. Democratic views on taxes also include the belief that an overhaul to the tax code and system are necessary. They vehemently oppose tax cuts such as those made by George W. Bush that provide relief to the wealthy in addition to the middle and lower classes, stating that the United States needs “a tax code that rewards work and creates wealth for more people, not a tax code that hoards wealth for those who already have it. With the middle class under assault like never before, we simply cannot afford the massive Bush tax cuts for the very wealthiest.” Democrats believe that, seeing as the 1990s were a prosperous time for America, tax code should be brought back to its state during this era.
Republican views on taxes include the belief that tax reduction is important, but must be done the right way. The party believes that budget surpluses have caused Americans to be overtaxed-a condition that is not only threatening their financial prosperity, but is also hindering (and possibly even reversing) growth to the country’s economy. They also want to limit the top marginal rate, believing it punishes those who have worked hard and invested well. Republicans also wish to make the Research and Development tax credit permanent. These three tax reforms combined, Republicans believe, will encourage and promote entrepreneurship. They also believe in encouraging saving and investments by implementing a tax credit for investments. However, despite their support for lowering taxes, Republicans do believe that tax cuts or tax incentives without any balancing spending cuts are detrimental to the economy.
Answer: A free enterprise economy has five important characteristics. They are: economic freedom, voluntary (willing) exchange, private property rights, the profit motive, and competition.
Explanation:
its too hard sorry i dont know
Answer:
The words of Abraham Lincoln to honour the soldiers that sacrificed their lives in order “that government of the people, by the people, for the people, shall not perish from the earth” were spoken at Gettysburg, but these words apply as well to the countless soldiers that died for the cause of democracy in the war. Also, In some forms, democracy can be exercised directly by the people; in large societies, it is by the people through their elected agents. Or, in the memorable phrase of President Abraham Lincoln, democracy is government of the people, by the people, and for the people.
Explanation:
The New York Stock Exchange closed for a few days in 1929 to prevent more panicked selling!
