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Dayanara Glenn
10 October, 03:50
How do federal income taxes support the economy?
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Finnegan Glenn
10 October, 07:28
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When the economy is weak, for example, the Federal Reserve tries to boost consumer and business demand by cutting interest rates or purchasing financial securities. Congress, for its part, can boost demand by increasing spending and cutting taxes. Tax cuts increase household demand by increasing workers' take-home pay.
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