Which of the Following Actions Could the Senate Take Without

question 1

Multiple Choice

Which of the following actions could the Senate take without participation by the House of Representatives?

• A)Passing a bill to lower the drinking age
• B)Increasing taxes on luxury cars
• C)Confirming the president's choice of secretary of state
• D)Lowering the highest marginal tax rate
• E)Firing a cabinet member

---

Definitions:

Long-Term

Refers to holding an asset for more than a year before disposal, affecting the calculation of capital gains and losses for tax purposes.

Short-Term Gain

A profit from the sale of an asset held for one year or less.

Investment Portfolio

An assortment of financial assets including stocks, bonds, commodities, cash, and equivalents, such as mutual funds and exchange-traded funds (ETFs).

Preferential Tax Treatment

Special tax rules that result in a lower tax rate or beneficial tax conditions for certain types of income or taxpayers.