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.
Answer:
6. B. Theoracy
Explanation:
7. B. keep all the political power in their hands.
Their goal was to control every aspect of society. ABSOLUTE MONARCHS believed in DIVINE RIGHT (the idea that God created the monarchy and that the monarch acted as God's representative on earth.) An ABSOLUTE MONARCH answered only to God, not to his or her subjects.
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Geography The Age of Exploration caused ideas, technology, plants, and animals to be exchanged around the world. Government Several European countries competed for colonies overseas, both in Asia and the Americas. Economics Developments during the Age of Exploration led to the origins of modern capitalism.
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