Question

1) Summarize and discuss the benefits of the new tax policy. Who are the winners? And who are the losers? Does the new tax policy help the most vulnerable segment of our society?

2) Was the new tax policy written taking our diverse community into account? What would you do differently regarding the process of drafting the tax policy and eliminating any potential negative unintended consequences? How do you help local communities engage in policy related matters (such as tax policy) that affect their daily lives?

3) How would the government pay for the tax plan? Does the level of the U.S national debt concern you? Discuss the different views on the link between the new tax policy and national debt?

4) Discuss the impact of U.S new tax policy on developing economies? Should we care about other economies while reforming our tax policy? Explain.

5) What does the new tax policy mean to you? How do you intend to engage in economic policy matter in the future?

Answer 1

1. The benefits of the new tax policy are the overhaul of taxes have reduced rates for corporations as well as for individuals even though individual tax cuts will eventually expire which means taxes on the middle class would go up in due course. The tax policy also repealed the Affordable Care Act’s individual mandate.

                                                                     Older, wealthier Americans will be benefited while young Americans who work will be the losers. And yes, the new tax policy will help the most vulnerable segment of our society like old and the middle class .