ahcer485 ahcer485

29-04-2022
Business

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Why do some Economists believe tax reform is needed in the United States?

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davidmaharjan62 davidmaharjan62

29-04-2022

Answer:

The Tax Reform Act of 1986 (TRA) was passed by the 99th United States Congress and signed into law by President Ronald Reagan on October 22, 1986.

Explanation:

Taxes can be used to stabilize the economy.
The implementation of taxes can promote social equity; for example the use of progressive income taxes.
There are many types of taxes that can be legislated to derive revenue for government operations.

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