Critics of Supply-Side Theory Say That Cuts in Tax Rates

question 24

Essay

Critics of supply-side theory say that cuts in tax rates may not necessarily raise tax revenue. What is their argument?

---

Definitions:

Eating Disorder

A mental disorder characterized by abnormal or disturbed eating habits that negatively affect a person's health or well-being.

Binges

Episodes of excessive indulgence in activities such as eating, drinking, or shopping, typically seen in context with disorders or as occasional behavioral excesses.

Purges

The act of removing or eliminating unwanted things, people, or memories, often in a forceful or cleansing manner.

Binge Drinking

The consumption of an excessive amount of alcohol in a short period of time, typically leading to acute intoxication.