Taxes
This tax is used to help domestic producers.
What is a protective tarrif?
this has increased year to year and in 2020 totaled 6.6 trillion
What is government spending?
What are labor laws?
these restrictions protect domestic producers
What are trade restrictions?
This tax is taken out of your paycheck and used for general federal government spending
What is income tax?
this is an example of a public good that is a majority of the federal government's discretionary spending
What is national defense?
a large company charging below its production cost in order to eliminate competition is an example of this
What is predatory pricing?
A county forces people to sell their homes to build a highway is an example of this.
What is eminent domain?
This tax is placed on real estate and cars.
What is a wealth tax?
unlike government agencies that are run directly by the government, this is run independently.
What are government corporations?
A large furniture maker charges a price below production cost in order to eliminate small competitors is an example of this.
What is predatory pricing?
this is imposed on the sale of products to protect low-income individuals.
What is a price ceiling?
management of economic growth and control of the money supply is important for the government to do this.
What is collect taxes?
this office is considered the first step in creating the federal budget
What is the Office of Management and Budget (OMB)?
Lockheed Martin Corporation makes products for the government and is an example of this.
What is a government contractor?
this prevents speculators from rushing into and out of a country's market and disrupting its economy
What are capital controls?
this tax is also known as FICA is used for specific federal government spendings such as social security and health care.
What is a payroll tax?
this is an appropriation of federal spending to support local projects and is used by politicians to win support from their constituents
What are pork-barrel projects?
the enforcement of this law speeds up the flow of capital and wages and regulate the conduct and organization of business corporations
What are antitrust laws?
this regulation safeguards our natural resources and impacts producers.
What are environmental protections?