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- In a response to public outcry over the Internal Revenue Service's (IRS) extent and abuse of power, the Federal government has decided to disband the IRS in favor of creating a new administrative agency to oversee taxation. As a business owner, what steps might you be able to take to ensure there are control's and limits to the agency's power? How does this compare with the controls available to branches of the government?A CBO study estimated that the excess burden from the corporate income tax ________ of the revenues raised by the tax. This estimate would make the corporate income tax ________ imposed by the federal government. A) equals less than 3 percent; the most efficient tax B) equals less than 10 percent; one of the most efficient taxes C) equals more than 90 percent; the most inefficient tax D) could equal more than half; one of the most inefficient taxes Only typed answer and don't use chat gptHow might special interest groups and lobbyists influence campaigns and elections? Group of answer choices political party and influence legislation. They go door to door educating voters on campaign and election issues. While they do not participate in elections, they exercise a lot of influence through their relationships with elected officials. When politicians are elected to office, members of special interest and lobbyists take jobs working for that politician and in this way influence their work, campaigns, and elections.
- What has been the impact of the Supreme Court ruling in Citizens United v. Federal Election Commission Group of answer choices Corporations and political action committees were forbidden from donating to elections. Election spending was ruled unconstitutional. Election spending has increased because it allowed unlimited contributions from companies and political action committees. Election spending has decreased as stricter spending limits were put in place.Explain briefly the three main purposes in exercising taxation power.A group of two or more political parties that governs by sharing executive power and responsibilities is called a .... Group of answer choices coalition threshold confiscation mercantilism
- Suppose that when he took office in January 2009, President Obama wanted to reduce the level of spending by the Drug Enforcement Administration during fiscal 2009. What budget procedure would have allowed him to do that?Name and explain in detail two mechanisms through which the market for corporate control operates.how much total tax revenue is ultimately paid by firms
- A few years ago, the Boston Globe reported that the city of Boston planned to spend $14 million to convert the FleetCenter sports arena and entertainment center into an appropriate venue for the Democratic National Convention (DNC). The city engaged Shawmut Design and Construction in a contractual relationship to complete the work, which was supposed to start 48 days prior to the commencement of the DNC on July 26. However, when negotiations between Boston’s mayor and the police union broke down, the Boston Police Patrolmen’s Association took to the picket lines surrounding the FleetCenter and prevented construction crews from beginning the work. The Globe reported that “a truck attempting to deliver steel turned around after a crowd of union members stood at a chain-link gate in front of the arena, shouting ‘back it up,’ and ‘respect the line, buddy.’” Moreover, the Globe reported that “On-duty police officers, who had been instructed to prevent pickets from restricting access, did…Which of the below listed statements DOES NOT reflect what Charles Wheelan has written in chapter 8, "Power of Organized Interests," in the book, Naked Economics? A) Politicians and their support can be influence as much by active political lobbying, as by financial support. B) The author believes that only unscrupulous politicians support funding for specific projects known as funding "earmarks." C) "Earmarks"which direct federal money to a specific project in a member's district (such as the "bridge to nowhere" in Alaska) are appended on to major bills (such as the transportation bill). When the broader (transportation) bill passes the "pork" expense item will also get through without a formal Congressional review. By itself such a spending item would not have received Congressional approval. D) Politicians get influenced by active special interest groups since the politicians need votes and money to remain in power.We know that lobbyists can influence campaigns, elections, and public policy. A good definition of lobbying is: Group of answer choices A person or group of people who are paid by the federal government to do analysis of what people in America care about so that correct public policies can be created. The act of lawfully attempting to influence the actions, policies, or decisions of government officials A person or group of people who talk to legislators and help them implement public policy. A person or group of people who are paid by legislators to help them implement public policy.