Flat Tax Critics

question 36

Multiple Choice

Flat tax critics

• A)Believe it would make it easier for state and local governments to raise their own revenues.
• B)Believe it would create additional vertical and horizontal inequities.
• C)Point out that it would increase the government's ability to alter the mix of output.

---

Definitions:

New York Federal Reserve Bank

A regional bank part of the Federal Reserve System, playing a key role in monitoring and executing monetary policy in the United States.