Does US Fiscal Budget Deficit Matter? Why? Why Not? Explain. Fiscal policy is the use of government spending and taxation to influence the economy. When the government decides on the goods and services it purchases, the transfer payments it distributes, or the taxes it collects, it is engaging in fiscal policy. The primary economic impact of any change in the government budget is felt by specific groupsa tax cut for families with children, for example, raises their disposable income.The federal government finished the 2018 fiscal yearended last Septembera whopping $779 billion deficit, the largest annual budget deficit since 2012. The current fiscal year is likely to see an even larger deficit, potentially more than $1 trillion. Tax revenues were flat during 2018 and corporate tax collections fell by $76 billion due to last tax cut.Scope and MethodologyEconomists distinguish between the absolute and relative sizes of the public debt. Why is the distinction important? Distinguish between refinancing the debt and retiring the debt. Write an essay in which you explain the importance of a balanced fiscal budget. Answer these questions in your essay.Study and analyze the government fiscal budget 2018. What did you want to see and havent seen?
Does government fiscal budget deficit matter? Why? Why not? Explain.
Explain how built-in (or automatic) stabilizers work. What are the differences between proportional, progressive, and regressive tax systems as they relate to an economys built-in stability?
Objectives and Expectation:You will introduce the concept of fiscal policy, and address the major challenges that any government might face in implementing fiscal budget.
The assignment is to be a minimum of two pages long excluding title pages, bibliographies, etc. and in APA/MLA format.
A good variety of objective, high quality, current sources need to be used.
Use graphs, tables, and charts to support your assertion.
Outstanding papers typically cite three or more references to support the discussion and to benchmark findings presented in the paper.
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