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What impact would social services have on federal deficit

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Reference no: EM131522303

Discussion: Government Budgeting

Discussion 1: One-Time Tax Rate

Real estate magnate Donald Trump once proposed a one-time tax of 14.25 percent on the net wealth of every American with more than $10 million. Would this be an efficient way to raise tax revenue? Why or why not? Respond to at least two of your classmates' postings.

Discussion 2: Social Services Initiatives

Should the Federal Government increase social services initiatives to improve the quality of life issues for the less fortunate ones. (For instance:

1) promoting training/educational assistance initiatives to help the unskilled workers obtain/hold jobs; 2) assist the elderly/homeless with affordable housing: 3) increase health insurance coverage for the poor.)

Secondly, what impact would this have on the federal deficit? Is that a burden we should place on all of the citizenry? Why? Respond to at least two of your classmates' postings.

Lee, R.D. & Johnson, RW. (2008). Public budgeting systems (8th ed.). Sudbury, MA: Jones and Bartlett. ISBN: 9780763746681

Chapter 4: Budgeting for Revenues: Income Taxes, Payroll Taxes and Property Taxes
Chapter 5: Budgeting for Revenues: Transaction-Based Revenue Sources
Chapter 6: Budget Preparation: The Expenditure Side.

Reference no: EM131522303

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