Briefly explain which of the following policies are likely, Ask an Expert

Accounting

Briefly explain which of the following policies are likely to increase the rate of economic growth in the United States.

a. Congress passes an investment tax credit, which reduces a firm's taxes if it installs new machinery and equipment.

b. Congress passes a law that allows taxpayers to reduce their income taxes by the amount of state sales taxes they pay.

c. Congress provides more funds for low-interest loans to college students.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M91738476

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