According to the Text, the Tax Cuts That Took Place

question 61

Multiple Choice

According to the text, the tax cuts that took place under President George W. Bush

• A) benefited poor people more than rich people.
• B) lowered the federal deficit.
• C) were consistent with the long-standing Republican call for fiscal restraint and balanced budgets.
• D) were ultimately declared unconstitutional by a sharply divided Supreme Court.
• E) helped starve the government of funds necessary to pursue policies offering an alternative to the market.

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Definitions:

New Deal

A collection of initiatives, including public construction efforts, economic restructuring, and regulatory measures, implemented by President Franklin D. Roosevelt in the United States throughout the 1930s as a response to the Great Depression.

Unregulated Capitalism

An economic system without governmental oversight and regulation, where the market forces are unrestricted and determine the allocation of resources and distribution of goods.

Resettlement Administration

A New Deal agency created in 1935 designed to relocate struggling urban and rural families to communities planned by the federal government.

Sharecroppers

Individuals who farm land owned by another and pay rent either in cash or shares of the crop, often under conditions that perpetuate poverty and dependency.