Reference no: EM13816923
1. Total federal revenues as a percent of GDP (Gross Domestic Product), since at least World War II, have remained just under
a. 20%
b. 40%
c. 10%
d. None of the above.
2. At least one critic of the comparison of revenues as a percent of GDP has stated that the median and average percentage for tax hike periods and tax cut periods were different by
a. 10%
b. 5%
c. 1%
d. None of the above.
3. In NFIB v. Sebelius, the first Obamacare case at the Supreme Court, Chief Justice Roberts writing for a the majority held that the amount to be paid under the individual mandate, if insurance was not purchased, was constitutional, despite the Congressional legislation calling the payment a penalty. Chief Justice Roberts wrote that the payment was constitutional
a. Under the Commerce Clause
b. As an enumerated power
c. As a tax
d. None of the above.
4. In King v. Burwell, the second Obamacare case at the Supreme Court, Chief Justice Roberts writing for the majority held that, although the Congressional legislation required a state exchange be established for residents of the state to be eligible for the Premium Tax Credit (PTC) to help pay for medical insurance, that
a. The federal exchange was sufficient for the PTC in a state which had not established a state exchange
b. A state exchange was required in the state for the PTC to be available in that state
c. The Court could not decide the political question better left to the legislature
d. None of the above.
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