Frequently Asked Questions

What are tax cuts?

Tax cuts are reductions in the amount of taxes that individuals and businesses pay to the government. Thay can take various forms, such as lower income tax rates or deductions.

What are spending cuts?

Spending cuts refer to reductions in the amount of money the government spends on various programs and services. These cuts can affect areas like education, defense, and social welfare.

Why are tax and spending cuts debated?

These cuts are often debated because they have significant impacts on the economy, government debt, and the distribution of wealth. Supporters argue they can stimulate growth, while critics worry about their effects on social programs and inequality.