Which of the Following Statements Is Not Correct

question 128

Multiple Choice

Which of the following statements is not correct?

• A)All states have state income taxes, but the percentages vary widely.
• B)Sales taxes and property taxes are important revenue sources for state and local governments.
• C)Medicare spending has increased because the percentage of the population that is elderly has increased, as has the cost of health care compared to cost of other goods and services.
• D)A budget deficit occurs when government spending exceeds government receipts.

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Definitions:

Logrolling

A practice in legislative bodies where members agree to support each other's proposals or bills for mutual benefit, despite their individual preferences.

Tax Cut Bill

Legislation aimed at reducing the amount of taxes imposed on individuals, corporations, or specific activities, with the goal of stimulating economic growth or achieving other policy objectives.

Filibuster

A political strategy in which a member of a legislature speaks at length to delay or prevent a vote on a proposal.

U.S. Senate

One of the two chambers of the United States Congress, comprising 100 senators who represent the 50 states, with each state having two senators regardless of population.