Can the government always reduce the budget deficit by, Ask an Expert

Economics

Can the government always reduce the budget deficit by simply increasing taxes? Why or why not? Please explain your answer using the Laffer curve. In addition, use research and show historical examples to illustrate your answer. Can the government tax its way out of the current deficit? With more than $16 trillion in debt, what are some arguments for or against taxation to increase revenue and reduce deficits?

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Macroeconomics, Economics

Category:- Macroeconomics
Reference No.:- M9604990

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