Collecting Money
What is payroll tax?
Spending on programs that are automatically funded each year. It funds programs like Social Security and Medicare.
What is mandatory spending?
When there is a minimum wage that every employer must offer potential employees, this is an example of...
What are labor laws?
Congressmen from Utah and Oregon who, in 1930, proposed a plan to raise tariffs to protect American farmers.
Who are Smoot and Hawley?
Direct tax applied to goods imported (brought in) from a foreign (different) country.
What is tariff?
Spending of this type includes: science programs like NASA, National Defense, Foreign Aid
What is an example of discretionary spending?
When the government weighs the strengths and weaknesses of taxes and spending, this is called...
What is cost-benefit analysis?
This country established retaliatory tariffs against the United States as a result of the Smoot-Hawley Tariff Act.
What is Canada?
Tax on property or land that the owner is required to pay
What is property tax?
When it comes to this type of spending, there is a choice as to whether or not these bills are funded each year.
What is discretionary spending?
When the federal government forces landowners to sell their property so that an airport can be built, this is an example of...
What is eminent domain?
Caribbean nation that was hit hard by the sugar tariffs that the US imposed against them under the Smoot-Hawley Tariff Act.
What is Cuba?
Tax imposed on the sales of goods and services
What is sales tax?
Term used to describe when a government spends more money than it brings in as revenue during a given period of time (usually a year).
What is deficit?
When the state government requires that all structures have a concrete foundation, this is an example of...
What are building codes?
This company, founded by John D. Rockefeller, was broken up by the US government in 1911 under national anti-trust laws.
What is Standard Oil?
Tax paid on the money that a person or business receives as income
What is income tax?
The cumulative (total) amount of money the US government owes.
What is debt?
When a local government prevents businesses from running retail operations in a certain part of town, this is an example of...
What is zoning?
This cartel works together to ensure the stabilization of the oil market.
What is OPEC?