What do these three terms mean and why are they so important?December 24, 2020
What critical elements must be included?December 24, 2020
Fund public programs
Yet, despite these revenue streams, local, state, and federal governments consistently face budgetary shortfalls in attempting to fund public programs.
- What changes, if any, would you make to the way governments obtain revenue for public programs? Consider the following questions: would you make any changes to individual and corporate income tax rates, property taxes, or sales taxes?
- Would you increase or decrease user fees? Do you think that a flat tax might be a more appropriate way to generate revenue?
- Would a national sales tax (not to be confused with state sales taxes) be a sensible method to raise revenue?