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Question

In December 2017 congress passed the tax cuts and jobs act describe the idealology that supports the policy issue described

Answer

The ideology that supports the tax cuts and jobs act passed by congress in December 2017 is based on supply-side economics, which argues that by cutting taxes on businesses and wealthy individuals, the government can stimulate economic activity and generate more tax revenue in the long run.

  • Q: What is the tax cuts and jobs act? A: The tax cuts and jobs act is a legislation passed by the United States Congress in December 2017 that cut taxes and made a variety of changes to the U.S. tax code. The primary aim of the act is to boost economic growth, create more jobs, and increase wages for American workers.
  • Q: What is the ideology that supports this policy issue? A: The ideology that supports the tax cuts and jobs act is primarily based on the belief that lower tax rates will encourage businesses to invest more in the economy, create more jobs and boost economic growth. This policy is rooted in supply-side economics, which argues that by cutting taxes on businesses and wealthy individuals, the government can stimulate economic activity and generate more tax revenue in the long run.