Both Presidents Kennedy and Reagan Proposed Significant Cuts in Income

question 231

Multiple Choice

Both Presidents Kennedy and Reagan proposed significant cuts in income taxes.Opponents of these tax cut proposals argued that

• A)the tax cuts would benefit high-income taxpayers.
• B)cutting state sales taxes, rather than federal income taxes, would result in greater economic efficiency.
• C)while the tax cuts would result in greater economic efficiency, there was too much opposition to the tax cuts in Congress. As it turned out, Congress ultimately approved both tax cut proposals.
• D)it would be better to cut taxes on corporate profits.

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Definitions:

Neoconservative

A political movement characterized by the advocacy of strong national defense, free-market capitalism, and an interventionist foreign policy.

Liberal Arguments

Reasoning and discourses rooted in liberal philosophy, advocating for individual freedoms, equality, and justice.

Privilege

An advantage, right, or benefit that is given to a particular person or group of people, often unearned and based on societal hierarchies.

Privilege Systems

Social systems that grant advantages to certain groups over others based on factors such as race, gender, economic status, or sexual orientation.