Examlex
Match the person or term with the with the correct description.
-George W. Bush
Regressive
Characteristic of a tax system where the tax rate decreases as the taxable amount increases, imposing a heavier burden on lower-income individuals.
Progressive
Referring to political and social movements seeking to promote change, reform, and innovation in governmental practices and policies.
Excise Taxes
Taxes imposed on specific goods or services, often fuel, tobacco, and alcohol, typically aimed at discouraging their consumption or raising revenue.
Economic Regulation
Government-imposed restrictions on the economic activities of private firms, including price controls, market entries, and standards for service quality.
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