Responses
Decrease tax rates for individual income and payroll taxes and make cuts to federal government subsidies for farmers and renewable energy producers.
Decrease tax rates for individual income and payroll taxes and make cuts to federal government subsidies for farmers and renewable energy producers.
Increase tax rates for payroll and corporate income taxes. Increase federal government investment in infrastructure and education.
Increase tax rates for payroll and corporate income taxes. Increase federal government investment in infrastructure and education.
Increase tax rates for individual income and corporate income taxes. Decrease the number of employees as well as cuts in spending for social security and defense.
Increase tax rates for individual income and corporate income taxes. Decrease the number of employees as well as cuts in spending for social security and defense.
Decrease tax rates for corporate income taxes but also raise tax rates for individual income and payroll taxes.
1 answer
To achieve a surplus in the federal government budget, the actions that would most likely result in increased revenue and decreased expenditures would be:
Increase tax rates for individual income and corporate income taxes. Decrease the number of employees as well as cuts in spending for social security and defense.
This combination of increasing tax rates (which would raise more revenue) and cutting expenditures (which reduces government spending) is likely to create a budget surplus.
