The year of cutting dangerously

Article Abstract:

Many politicians propose different tax cuts as a way to improve the economy. However, income lost from the proposed cuts needs to be gained from another area, and Democrats and economists fear a higher budget deficit. The trend for tax cuts is likely motivated by politics, not economics.

Public Finance Activities, Personal Income Tax Reduction, Income tax, Personal income tax, Republican Party (United States)

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Taxing the rich

Article Abstract:

Bill Clinton stressed during his campaign how he would make foreign companies operating in the US pay more taxes to lower the deficit. It is thought though that the amount the US may be able to raise from foreign companies may be negligible and could cost jobs.

International aspects, Foreign corporations, Tax assessment

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Coming soon, to a station near you: energy taxes

Article Abstract:

The latest figures on the growing federal budget deficit is causing some economists to propose a 50 cent-a-gallon tax increase on gasoline. Although Bill Clinton came out against the idea during his campaign, new fiscal realities may make him reconsider.

Gasoline

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