As a percentage of taxable income since 1993, federal personal income taxes were lowest in which...
As a percentage of taxable income since 1993, federal personal income taxes were lowest in which of the following presidential administrations?
A.
The Clinton administrations.
B.
The Bush administrations.
C.
The Obama administrations.
D.
They were roughly the same during all of the above administrations.
As a percentage of GDP since 1993, federal transfer payments were lowest in which of the following presidential administrations?
A.
The Clinton administrations.
B.
The Obama administrations.
C.
The Bush administrations.
D.
They were roughly the same during all of the above administrations.
Homework Answers
B. The Bush administrations seems to had the modest tax rates on personal income since 1993, if calculated as a
percentage of GDP. This was one of the highlights of reforms being initiated under the selected policy mix.
C.The Clinton administrations generated the lowest transfer payments as the percentage of GDP since 1993. For
most of the period it was flat or falling sluggishly as because of the initiated Welfare reform legislation
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