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Taxation, Government Spending

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Taxation, Government Spending

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Recommended age: 13 years old
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Taxation, Government Spending Online version

Taxation, Government Spending

by Michael Loret
1

Led by President Trump, Congress recently passed a historic tax cut--taxes went down for individuals and businesses in the United States. What did they hope would be the impact on the US economy?

Choose one or more answers

2

Most Presidents believe that INCREASED government spending is a good thing. However, there are negative consequences. What will happen to taxes if Congress decides to provide FREE college to ALL Americans?

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3

The President is very worried about North Korea. He gets Congress to declare war on North Korea. It is very expensive to train American men & women and to obtain the latest weapons--thus, the US has to borrow money. What is the likely consequence of the federal government borrowing MORE money from China?

Choose one or more answers

4

What is the likely consequence of the federal government borrowing LESS money and balancing its budget?

Choose one or more answers

5

The President urges Congress to spend LOTS of money to build "The Wall." What will be the likely impact of this spending?

6

Speaker of the House Paul Ryan is opposed to high levels of government borrowing and spending. He wants to make sure that the federal government's debt shrinks, so he calls for LESS government spending. What will be the likely outcome of this move?

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