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How Tax Cuts Can Revive Our Economy

PictureHow Tax Cuts Can Improve the Economy. Photo by Sharon McCutcheon on Unsplash
Basically tax cuts improve the economy by increasing the amount of consumer consumption. When taxes are lower people feel more confident about spending money. If people feel the economy is in bad shape they tend to hold onto their money just in case times get tough. The Depression days were an example of this. People knew the economy was in trouble and as a result spent less money. When people pay less taxes they have more money to spend which makes them feel more secure about the economy. When consumers spend more money this increases the GDP (Gross Domestic Product) which automatically increases aggregate demand, giving the economy an automatic economic boost. More demand for products means more jobs too. The GDP is the amount of money the government is allowed to spend. The following video demonstrates the affect of tax cuts on the economy over time and the article is an interesting evaluation which describes exactly how tax cuts affect and revive the economy, explains aggregate demand and fiscal policy in plain English making it easy to read and understand. Even though tax cuts and reviving the economy do not appear to go hand in hand but as you will see from the following document tax cuts can improve a weak economy and influence consumer spending which increases the amount of money that the government has available. Presenting an interesting twist to government budget plans which needs to be considered. 
Scroll down to view this surprising information in the original document written by Rev. Penny Dean formerly Hibbitts.

Here's How


How Tax Cuts Can Revive the Economy Document

Related Links

​Tax Tips for Businesses
​
Energy Tax Incentives for Individuals and Businesses
​
Tax Tips for Charities

Memory Verse

"May those who fear you rejoice when they see me, for I have put my hope in your word". Psa. 119:74 KJV. Bible Verses provided by Love the Lord First Ministries Online Bible

PictureRev. Penny Dean
​Business Management Made Easy; The Business Owner's Tool Shed
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​This website created by Rev. Penny Dean
Contact Us: businessmanagementmadeeasy@gmail.com


​References: 
1. Here's how tax cuts affect the economy. (2019). YouTube. Retrieved 18 February 2019, from https://www.youtube.com/watch?v=TjqYd-Mcq5A
2. ​Woman Holding Money photo by Sharon McCutcheon (@sharonmccutcheon) on Unsplash. (2019). Unsplash.com. Retrieved 18 February 2019, from https://unsplash.com/photos/rItGZ4vquWk
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  • HOME
    • About Us: Business Management Made Easy >
      • Our Mission Statement
      • Privacy Policy: Business Management Made Easy
      • Terms of Use
      • Disclaimer: BMME
      • Visit Our Other Websites by Rev. Penny Dean
  • STARTING
    • How to Start Your Own Online Business-FREE
    • Ten Steps To Start Your Own Business >
      • Self Discipline is an Important Factor for Starting Your Business
    • Three Steps to Register Your Business in the U.S.
    • How to create a business plan: Business Management Made Easy >
      • Basic Elements of a Business Plan: Business Management Made Easy
      • The Best Free Business Plan Templates
      • How to Make a Risk Management Plan for Your Business or Project: BMME
    • How to Create a Mission Statement: Business Management Made Easy
    • How to Create An Executive Summary: Business Management Made Easy
    • The Small Business Administration & You
  • MARKETING
    • Three Top Online Marketing Tips
    • How to Sell Your Products Online: Business Management Made Easy >
      • Using Social Media to Promote Your Products or Business-Marketing: Business Management Made Easy >
        • How to Create a Facebook Page for Your Business-Easy to Understand
        • How to Get More Views On Your Youtube Videos-Free Marketing Tips: Business Management Made Easy
    • How to Get Free Advertisement For Your Business: Business Management Made Easy
    • Twelve Customer Turnoff's-Customer Relations: Business Management Made Easy
  • FINANCE
    • How to Apply for Small Business Government Grants: U.S. A. Grant Application >
      • Financing
    • How to Apply for Small Business Loans
    • Tips About Venture Capital
    • Three Labor Laws Every U.S. Business Owner Needs to Know About
    • Important Tax Tips for Business Owner's >
      • How to get Energy Tax Incentives for Individuals and Businesses in th
      • How Tax Cuts Can Help The Economy >
        • What's wrong with the Triple Bottom Line
      • How to Contact the IRS For Live Assistance
      • Tax Tips for Charities & Non-Profit Businesses
  • Free Business Management Courses
  • Business Communication Tips
    • How to Write Professional Email's
    • How to Make a Business List
  • How to Find Out What U.S. Government Benefits You are eligible for
  • How to Get Listed with Christian Businesses-FREE
  • The Easy Way to See Who Your Business Competitor's are
  • How to Improve Your Business
    • How to Adapt Your Business in Today's Ever Changing Environment
    • How to Improve Your Business with Surveys
  • Insourcing Creates Jobs In the U.S.
    • Definition of Insourcing
    • Framework for Thinking Ethically
  • U.S is 100 Years behind Japan
  • 29th MED Conference
  • Slow Data and High Speed Data Caps are Hurting Small Business
  • Why Many Businesses Are Closing Their Doors & Going Online: BMME
  • Delegating Tasks Tips: Business Management Made Easy