requires a discussion of How Tax Cuts Work and a discussion of the Introduction to Capitalism and Freedom. How Tax Cuts Work is a short article on the tax system. The introduction to Capitalism and Freedom is also very short.

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A tax cut reduces the tax liability or burden to the tax payer. Through tax deductions, tax exemptions, tax credits and other incentives as may be deemed necessary by the tax man, the taxpayer is relieved of his tax burden and liability (Larson, 2003). Tax cut or tax break has arguably been looked at as a way of increasing spending among the households and firms thereby helping in boosting the economic growth. This is in line with the proponents of the idea. Those who oppose the view…..

APA

331 words