Reference no: EM132861974

Tax Cuts Research Assignment

Instructions

Overview

Public budgeting revolves around two basic powers - the power to raise revenue (e.g., to tax) and the power to use the revenues raised to accomplish legitimate constitutionally authorized goals (e.g., to spend). Both of these actions have a wide range of both intended and often unintended consequences. Economic policies and political realities often arise in issues of taxing and spending policies, their influence on the economy, and the resulting impacts on jobs, incomes, living standards and relative freedom and liberty. Ronald Reagan famously employed "supply side economics" and the Laffer Curve in the national budget and budget decisions.

Instructions

For this assignment, you should prepare a 5-7 pages research paper in APA format (not including title page, reference page, and any appendices). You must also include a title and reference page, citations from appropriate professional, scholarly, or other appropriate sources to fully support your assertions and conclusions. Additionally, your research paper must contain citations from the course text books, assigned readings, and a minimum of 5 additional sources which does not include the course textbooks, assigned readings, and the Bible.

In this assignment, you should conduct your own research and write a concise but thorough research paper:

Question 1) explaining and examining the Laffer Curve and a historical perspective on the balance of tax burdens and revenue generation.

Question 2) analyzing contemporary proposals and arguments for the tax cuts in tax reform.

Question 3) analyzing the politics of tax cut discussions in contemporary budget and tax reform issues, and

Question 4) providing a Judeo-Christian analysis of the potential role of tax cuts in contemporary tax reform.