Provisions of the 2009 Economic Recovery Act (i.e., President Obama's "Stimulus Package") calling for tax credits for first-time home buyers and hybrid cars confirm that the
A. Obama Administration believes that taxes can alter the spending decisions of taxpayers.
B. Obama Administration is committed to across-the-board reductions in personal income tax rates.
C. Bush Administration's tax cuts were too costly.
D. credo of Congress is "No Good Deed Will Go Untaxed."
Answer: A
You might also like to view...
As default risk decreases, the expected return on corporate bonds ________, and the return becomes ________ uncertain, everything else held constant
A) increases; less B) increases; more C) decreases; less D) decreases; more
The minimum level of net investment necessary to maintain the stock of capital depends on
A) the rate of interest and the size of the capital stock. B) the rate of depreciation and the size of the capital stock. C) the corporate profits tax and the interest rate. D) business confidence and the corporate profits tax.