tax cuts
Lowered government levies
Tax cuts are reductions in the amount of taxes imposed by a government.
Politicians campaign on tax cuts and debate their effects on economic growth and public services.
The phrase often carries political connotations—conservatives typically advocate for tax cuts while liberals question whether they benefit primarily the wealthy: The tax cuts disproportionately favored corporations.
- ReaganomicsSupply-side fiscal philosophy
- taxationCompulsory government revenue collection
- trickle-downTheory wealth spreads below
- fiscal policyState spending and taxation
- revenueBusiness income total
deregulation · budget deficit · capital gains · lowering · reduction · rates · fiscal conservatism · disposable income · economy · deficit spending · investment · government · income inequality · payroll · privatization · wealthy · job creators · fair share
- economic policymonetary policy, fiscal discipline, fiscal stimulus, fiscal restraint, tariff
- modern economicsGDP, GDP growth, recession, inflation, interest rates
- US TaxationIRS, withholding, deductions, income brackets, AMT
- Thatcher EraMargaret Thatcher, Thatcher, Iron Lady, monetarism, Falklands War
- Trump EraDonald Trump, MAGA, Trump Tower, Mar-a-Lago, Ivanka Trump
- government actionslaws, policies, presidential decree, resolution, mandates
tax cutswealth redistribution
Shifting assets across society
austerity measures · progressive taxation · government spending · social programs · socialism
cut, tax, cutting, taxing, cuts, taxed, taxes, cuttings, overtaxed