ECONOMICS
FISCAL POLICY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Taxes the rich more than low-income families
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Many government employees and tax preparers would lose their jobs
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Lawmakers cannot create loopholes for corporations and lobbyists for campaign contributions or personal favors
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Can create corruption and cause loopholes
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Detailed explanation-1: -Lobbying is an important lever for a productive government. Without it, governments would struggle to sort out the many, many competing interests of its citizens. Fortunately, lobbying provides access to government legislators, acts as an educational tool, and allows individual interests to gain power in numbers.
Detailed explanation-2: -In short: A flat tax is one where each taxpayer pays the same percentage of their income whereas a graduated tax applies higher rates to higher incomes. Flat taxes have some surface appeal but come with significant disadvantages.
Detailed explanation-3: -/ˈlɑː.bi.ɪst/ someone who tries to persuade a politician or official group to do something: Lobbyists for the tobacco industry have expressed concerns about the restriction of smoking in public places.
Detailed explanation-4: -The goals of lobbying and advocacy are to raise awareness about a topic or issue, and encourage leaders/government members to make changes to legislation or policy in support of the topic or issue.