Assignment: Fiscal Policy
Deliverable Length: 150 words
How you are affected by fiscal policy. For instance, you could write about how tax cuts affect you and then how they affect the economy as a whole.
Think back to 2008. The U.S. Congress passed the Economic Stimulus Act of 2008, which provided tax rebates for low- and middle-income taxpayers. Include both of the following points in your discussion:
1. Did you receive a tax rebate? If so, did you save it or use it for a new purchase or to pay your bills; or, did you put it in the bank? (If you did not receive a tax rebate, you can either put yourself in the position of someone who did or discuss someone you know who did receive a tax rebate to write your contribution.)
2. Thinking deeper about your answers, explain about how tax cuts or rebates affect millions of other people and their decisions, and then how that affects the whole economy.