tax cut
Smaller government bite
A tax cut is a reduction in the rate or amount of taxes imposed by government.
Tax cuts may apply to income, property, sales, or other levied taxes.
Politicians often propose tax cuts as economic stimulus, though debates persist over who benefits: The tax cut favored corporations over working families.
The opposite is a tax hike.
Support or category
- rateMeasured speed or charge
- percentageProportion out of hundred
- deductionConclusion from premises
- loweringMoving something downward
exemption · marginal · income · capital gains · estate · payroll · property · sales
Official enactment of statutes
- fiscalOf public revenue
- budgetPlan for spending
- reformImprove by correcting faults
- bipartisanInvolving both major parties
lawmakers · bill · proposal · agenda · platform · regulation · administration · partisan
Increase in size
- investmentDeploying capital for returns
- deficitAmount still owed
- revenueBusiness income total
- spendingOutlaying of funds
GDP · employment · consumption · savings · wealth · productivity · trade · surplus
Oppressive weight or duty
- hardshipSuffering from difficult circumstances
- reprievePostponement of punishment
- breatherBrief period of rest
- lighteningMaking lighter in weight/shade
benefit · working families · small business · taxpayer · affordability · take-home pay · disposable income · cost of living
bracket
Support or category
- rateMeasured speed or charge
- percentageProportion out of hundred
- deductionConclusion from premises
lowering · exemption · marginal · income · capital gains · estate · payroll · property · sales · withholding
legislation
Official enactment of statutes
bipartisan · lawmakers · bill · proposal · agenda · platform · regulation · administration · partisan · conservative
growth
Increase in size
- investmentDeploying capital for returns
- deficitAmount still owed
- revenueBusiness income total
spending · GDP · employment · consumption · savings · wealth · productivity · trade · surplus · market
burden
Oppressive weight or duty
- hardshipSuffering from difficult circumstances
- reprievePostponement of punishment
- breatherBrief period of rest
lightening · benefit · working families · small business · taxpayer · affordability · take-home pay · disposable income · cost of living · household
- economic policymonetary policy, fiscal discipline, fiscal stimulus, fiscal restraint, tariff
- decreasesreduction, decline, drop, fall, decrease
- policiespolicy, act, code of conduct, workplace policies, public policy
- cutsslice, chop, dice, gash, nick
- government actionslaws, policies, presidential decree, resolution, mandates
- taxationVAT, withholding, deductions, deduction, taxpayers
tax cuttax increase
Rise in taxation
tax hike · tax rise · additional tax · surtax · tax levy
cut, tax, excise, taxation, taxable, untaxed, nontaxable, tax cuts, antitax