Answer:
Tax cuts boost demand by increasing disposable income and by encouraging businesses to hire and invest more.
Tax increases do the reverse. These demand effects can be substantial when the economy is weak but smaller when it is operating near capacity.
Explanation:
How do taxes affect the economy in the long run? High marginal tax rates can discourage work, saving, investment, and innovation, while specific tax preferences can affect the allocation of economic resources. But tax cuts can also slow long-run economic growth by increasing deficits
It begins at the yellow sea (Huang=Yellow in Chinese) and empties in the Bohai Sea.
The ideals of Democracy and Freedom are political-legal concepts that have been present for a long time in the political culture of the West, at least since its philosophical and political constructions in Ancient Greece, during the 5th and 4th centuries a. Ç.
Without fear of falling into expressions of impact or easy emotional appeal, I see that, today, both the conception of Democracy and the ideal of Freedom, ended up extrapolating the political and legal heritage of the Western Christian Civilization to constitute itself one of the most important political and legal assets of all mankind.
In this light, I see that Democracy and Freedom are currently the most important political and legal pillars of the Democratic Rule of Law. The absence of one or the other results in the impossibility of the Democratic Rule of Law to exist in all its fullness.
