tax cuts
Tax cuts refer to reductions or decreases in the amount of money individuals or businesses are required to pay as taxes to the government. It involves lowering tax rates or implementing exemptions, deductions, or credits, resulting in a decrease in the overall tax burden.
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Related Concepts (25)
- budget deficit
- budget surplus
- business investment
- consumer spending
- corporate tax cuts
- deficit spending
- economic growth
- economic stimulus
- fiscal policy
- fiscal stimulus
- government revenue
- government spending cuts
- income inequality
- individual tax cuts
- job creation
- marginal tax rates
- middle-class benefits
- redistribution of wealth
- supply-side economics
- tax brackets
- tax code simplicity
- tax credit reforms
- tax loopholes
- tax policy
- wealthy individuals