<em><u>Under an expansionary taxation policy, the government tries to stimulate economic growth by reducing taxes.
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Further Explanations:
An expansionary policy aims to boost the monetary growth of a nation. Governments exercising an expansionary policy reduced the tax raise investment and production of the business along with the economic stability of the consumers. The motive is to not charge tax directly from the inhabitant but through their monetary activities. In December 2017, the United States legislature led by “Republicans” passed a tax cut package that reduced the tax rates on the companies from 35% to 21% and at the same time lowered inhabitant income tax rates.
One such instance of expansionary taxation was reported in April 2018. Wal-Mart pronounced it would spend $700 million on job conception along with higher wages. The amount was very small as equated to the $4 billion, that Wal-Mart planned so as to surge its stock value and profit the investors and shareholders.
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Answer details
Grade: High School
Subject: History
Chapter: Expansionary policy
Keywords:
expansionary policy, boost, economic stability, monetary activities, United States, Republicans, April 2018, Wal-Mart, investors shareholders, expansionary policy