Both Presidents Kennedy and Reagan Proposed Significant Cuts in Income

question 246

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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