Question

11. To reduce the deficit, Democrats would most likely recommend

increasing which source of revenue?
(A) Individual Income Tax
(B) Corporate Income Tax
(C) Employment Tax
(D) Excise Taxes

Answer 1

(B) Corporate Income Tax.

Step-by-step explanation:

The Corporate Income Tax is a tax that is imposed on businesses. Democrats want to reduce the deficit that they create from overspending in unnecessary or overly-unnecessary bills that raises the national debt. In turn, they indirectly tax the people through raising the corporate tax to 21% - 35%. However, in turn, it leads to rising prices, removal of jobs from the market due to over pressure, and essentially reflects onto the people themselves.

In reality, to solve existing problems for a large country like the United States while keeping Democracy alive, it is best to leave most of the power back to the states instead, and allow for people to make individual choices rather then create a dependent on the government. Sure, the government can assume the role in helping individuals out, but when politicians continue to adjust the tax rate higher and fail to meet their promises, it results in disaster.