3 years ago

Why would cutting taxes be good and bad for the economy?

1 answer:

3 0

Answer:

Tax cuts boost the economy by putting more money into circulation. They also increase the deficit if they aren't offset by spending cuts. As a result, tax cuts improve the economy in the short-term but depress the economy in the long-term if they lead to an increase in the federal debt.

Explanation:

if it is correct

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