Bush Administration’s Change of Federal Income Tax System: Essay

Sample Essay

Words 999

In the United States, the federal government covers its expenditures largely by way of taxation. The federal government’s principal resource of proceeds has been the income tax. The federal income tax is imposed on the universal income of U.S. citizens and resident, and on specific types of U.S. income of foreigners.

Tax cutbacks have been an outstanding issue, President Bush sent to Congress a tax cut plan to Congress including the important essentials of the plan he advanced throughout the presidential campaign.The desirability of a tax cut as an economic incentive has appeared as one of the first tax policy debates in which the Bush administration has been occupied

Frank Sammartino et. al. have noted in an article Providing Federal Assistance for Low-Income Families through the Tax System: A Primer (2002) that:

“Tax incentives are popular because they represent a way of increasing federal support for the social policy while seeming to cut taxes rather than increase spending. Compared with direct outlay programs with similar goals, tax incentives better meet the need of politicians to expand programs while appearing to restrain the size of government. That is, the incentives show up as tax cuts rather than spending increases, even if they have the same economic effect. Consequently, they often appear more politically attractive than spending programs designed to achieve the same ends.” (Sammartino et. al., 2002)

Thank you for visiting Essaydemon.com and viewing our articles and sample papers. Kindly be informed that all these articles and sample papers are for marketing purposes only. The sole purpose of these articles and sample papers is just to provide our customers with an idea about our services before they place an order.

Kindly visit our order/inquiry page for further assistance.

Kindly order custom made Essays, Term Papers, Research Papers, Thesis, Dissertation, Assignment, Book Reports, Reviews, Presentations, Projects, Case Studies, Coursework, Homework, Creative Writing, Critical Thinking, on the topic by clicking on the order page.

admin

Recent Posts

Essay: Shakespeare’s Side of the Story

Sample Essay For Shakespeare’s side of the story, facts were derived from the chronicle by…

3 days ago

Essay: Frankenstein’s Representations

Sample Essay Frankenstein’s representations in movies are however more distorted than the original owner’s intention.…

2 weeks ago

Essay: Conflict Resolution

Sample Essay Moreover, since conflict resolution and analysis based on the skilled facilitator approach uses…

4 weeks ago

Essay: The Consequences of Industrial Revolution

Sample Essay The consequences of Industrial Revolution were widespread and its effects are still present…

1 month ago

Essay: The Bad Affects of Internet

Sample Essay Despite the good it has done to society and the fact that life…

2 months ago

Essay: The impact of prejudice and discrimination

Sample Essay The visionary fathers of the Americas land seems like they did not have…

2 months ago