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.
The 1920s have also been labeled the
Jazz age, in addition to the nickname "the Roaring Twenties".
To add, the Jazz Age was a post-World War I movement in the 1920s from which
jazz music and dance emerged. Jazz has lived on in American popular culture,
even though the era ended with the outset of the Great Depression in 1929.
Answer:
The OPEC oil embargo was an event where the 12 countries that made up OPEC stopped selling oil to the United States. The embargo sent gas prices through the roof. Between 1973-1974, prices more than quadrupled. In response to the oil crisis, the United States took steps to become increasingly energy independent.
Explanation:
The main result of the Supreme Court ruling in Gibbons v. Ogden was that "<span>The Court defined interstate commerce and declared federal law supreme over state law," since the ruling was that the power of Congress to regulate interstate commerce applied to navigation as well. </span>
