The Tax Cuts and Jobs Act (TCJA) of 2017 made two major changes to U.S. tax law. One was a reduction in most taxpayers' personal income tax rates. The other was O a) a spending package to stimulate job growth. O b) an increase in the tax on personal and corporate capital gains. Oc) a reduction for the tax on corporate profits. O d) the elimination of tax brackets, in favor of a single formula for all taxpayers. O e) more time for jobless workers to collect unemployment benefits.

The Tax Cuts and Jobs Act (TCJA) of 2017 made two major changes to U.S. tax law. One was a reduction in most taxpayers' personal income tax rates. The other was O a) a spending package to stimulate job growth. O b) an increase in the tax on personal and corporate capital gains. Oc) a reduction for the tax on corporate profits. O d) the elimination of tax brackets, in favor of a single formula for all taxpayers. O e) more time for jobless workers to collect unemployment benefits.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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